Piper Sandler Cuts Kemper (NYSE:KMPR) Price Target to $48.00

Kemper (NYSE:KMPRGet Rating) had its target price decreased by Piper Sandler from $57.00 to $48.00 in a research note released on Tuesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the insurance provider’s stock.

Separately, Credit Suisse Group started coverage on Kemper in a report on Thursday, April 28th. They set an underperform rating and a $44.00 price objective on the stock.

Kemper Stock Performance

Shares of NYSE KMPR opened at $42.62 on Tuesday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -7.75 and a beta of 0.76. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.49. Kemper has a 1-year low of $41.62 and a 1-year high of $70.65. The stock’s 50-day moving average is $48.24 and its 200 day moving average is $51.26.

Kemper (NYSE:KMPRGet Rating) last announced its quarterly earnings data on Monday, August 1st. The insurance provider reported ($0.62) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.08. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Kemper had a negative return on equity of 8.51% and a negative net margin of 6.07%. Kemper’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted ($1.54) EPS. On average, sell-side analysts anticipate that Kemper will post -1.44 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 15th will be paid a $0.31 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.91%. Kemper’s dividend payout ratio (DPR) is currently -22.55%.

Insiders Place Their Bets

In related news, Director Jason N. Gorevic purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average cost of $43.00 per share, with a total value of $129,000.00. Following the purchase, the director now directly owns 12,139 shares of the company’s stock, valued at $521,977. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Kemper

A number of large investors have recently made changes to their positions in KMPR. JPMorgan Chase & Co. grew its position in shares of Kemper by 2,687.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,024,035 shares of the insurance provider’s stock worth $177,783,000 after buying an additional 2,915,532 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Kemper by 20.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,897,437 shares of the insurance provider’s stock worth $287,920,000 after buying an additional 838,783 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Kemper by 430.3% in the 4th quarter. Alliancebernstein L.P. now owns 502,867 shares of the insurance provider’s stock worth $29,564,000 after buying an additional 408,037 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Kemper by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 5,825,369 shares of the insurance provider’s stock worth $329,367,000 after buying an additional 297,632 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Kemper by 462.1% during the first quarter. Russell Investments Group Ltd. now owns 296,139 shares of the insurance provider’s stock valued at $16,741,000 after purchasing an additional 243,456 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

About Kemper

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Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

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