Q2 2024 EPS Estimates for Kemper Co. Increased by William Blair (NYSE:KMPR)

Kemper Co. (NYSE:KMPR) – Equities researchers at William Blair lifted their Q2 2024 EPS estimates for Kemper in a research note issued to investors on Tuesday, April 23rd. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings per share of $0.84 for the quarter, up from their previous estimate of $0.83. The consensus estimate for Kemper’s current full-year earnings is $4.17 per share. William Blair also issued estimates for Kemper’s Q3 2024 earnings at $0.97 EPS, Q4 2024 earnings at $1.08 EPS and FY2025 earnings at $4.55 EPS.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion.

Other equities analysts have also issued research reports about the stock. Raymond James lifted their price target on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. UBS Group lifted their price target on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, February 5th. TD Cowen initiated coverage on shares of Kemper in a research note on Wednesday, January 10th. They set an “outperform” rating and a $70.00 target price for the company. JMP Securities reissued a “market outperform” rating and set a $75.00 target price on shares of Kemper in a research note on Monday, April 15th. Finally, Piper Sandler lifted their target price on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $70.40.

Kemper Stock Performance

Shares of Kemper stock opened at $58.69 on Thursday. Kemper has a fifty-two week low of $38.32 and a fifty-two week high of $64.69. 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 firm has a market capitalization of $3.77 billion, a P/E ratio of -13.81 and a beta of 0.91. The company’s 50 day moving average price is $58.55 and its two-hundred day moving average price is $51.82.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, February 16th. Kemper’s dividend payout ratio (DPR) is presently -29.18%.

Hedge Funds Weigh In On Kemper

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in shares of Kemper by 211.1% during the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 361 shares during the last quarter. CWM LLC grew its holdings in shares of Kemper by 257.8% during the 1st 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. Exchange Traded Concepts LLC bought a new position in shares of Kemper during the 3rd quarter valued at $32,000. Quest Partners LLC bought a new position in shares of Kemper during the 4th quarter valued at $66,000. Finally, SG Americas Securities LLC bought a new position in shares of Kemper during the 4th quarter valued at $119,000. Institutional investors own 86.23% of the company’s stock.

Kemper Company Profile

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.