Wall Street analysts expect that Kemper Corp (NYSE:KMPR) will report sales of $687.75 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Kemper’s earnings, with the lowest sales estimate coming in at $681.80 million and the highest estimate coming in at $693.70 million. Kemper reported sales of $651.40 million during the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The firm is scheduled to issue its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Kemper will report full-year sales of $687.75 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.82 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.90 billion per share, with estimates ranging from $2.89 billion to $2.91 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Kemper.
Several equities analysts have commented on KMPR shares. Zacks Investment Research upgraded shares of Kemper from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, William Blair upgraded shares of Kemper from a “market perform” rating to an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, one has given a buy rating and four have assigned a strong buy rating to the company. The company currently has an average rating of “Strong Buy” and an average target price of $67.50.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a $0.24 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.96 annualized dividend and a yield of 1.63%. Kemper’s dividend payout ratio is currently 38.25%.
A number of institutional investors have recently made changes to their positions in KMPR. Cutler Group LP acquired a new stake in shares of Kemper in the fourth quarter valued at approximately $111,000. Flinton Capital Management LLC boosted its holdings in shares of Kemper by 75.3% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after acquiring an additional 2,074 shares during the period. Invictus RG acquired a new stake in shares of Kemper in the third quarter valued at approximately $207,000. Fiduciary Trust Co. acquired a new stake in shares of Kemper in the fourth quarter valued at approximately $217,000. Finally, Amalgamated Bank boosted its holdings in shares of Kemper by 0.9% in the second quarter. Amalgamated Bank now owns 5,758 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 53 shares during the period. Institutional investors own 58.07% of the company’s stock.
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Kemper Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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