JMP Securities Reaffirms Market Outperform Rating for Kemper (NYSE:KMPR)

JMP Securities reaffirmed their market outperform rating on shares of Kemper (NYSE:KMPR) in a report released on Monday, Benzinga reports. JMP Securities currently has a $75.00 price target on the insurance provider’s stock.

Several other equities analysts also recently commented on KMPR. TD Cowen began coverage on Kemper in a research report on Wednesday, January 10th. They set an outperform rating and a $70.00 target price for the company. Raymond James lifted their price objective on Kemper from $60.00 to $70.00 and gave the company a strong-buy rating in a research report on Friday, January 26th. UBS Group lifted their price objective on Kemper from $60.00 to $65.00 and gave the company a buy rating in a research report on Monday, February 5th. Finally, Piper Sandler lifted their price objective on Kemper from $66.00 to $72.00 and gave the company an overweight rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $70.40.

Kemper Price Performance

Kemper stock opened at $56.40 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $3.63 billion, a PE ratio of -13.27 and a beta of 0.91. Kemper has a one year low of $38.32 and a one year high of $64.69. The business has a 50 day simple moving average of $58.48 and a 200 day simple moving average of $51.17.

Kemper (NYSE:KMPR) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. On average, sell-side analysts forecast that Kemper will post 4.17 EPS for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.31 per share. The ex-dividend date was Friday, February 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.20%. Kemper’s payout ratio is currently -29.18%.

Institutional Investors Weigh In On Kemper

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Kemper by 211.1% during the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 361 shares during the last quarter. Gyon Technologies Capital Management LP bought a new stake in Kemper in the fourth quarter valued at about $29,000. CWM LLC increased its holdings in Kemper by 257.8% in the first quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 348 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in Kemper in the third quarter valued at about $31,000. Finally, Exchange Traded Concepts LLC bought a new stake in Kemper in the third quarter valued at about $32,000. Institutional investors own 86.23% of the company’s stock.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.