Q1 2024 EPS Estimates for Kemper Co. Increased by William Blair (NYSE:KMPR)

Kemper Co. (NYSE:KMPR) – Equities researchers at William Blair raised their Q1 2024 EPS estimates for Kemper in a report released on Tuesday, April 23rd. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $1.12 per share for the quarter, up from their prior estimate of $0.72. The consensus estimate for Kemper’s current full-year earnings is $4.48 per share. William Blair also issued estimates for Kemper’s FY2024 earnings at $4.02 EPS, Q1 2025 earnings at $1.02 EPS, Q2 2025 earnings at $1.02 EPS, Q3 2025 earnings at $1.20 EPS and Q4 2025 earnings at $1.31 EPS.

Kemper (NYSE:KMPR) last posted its earnings results 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 company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.21 billion.

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

Kemper Stock Performance

Shares of Kemper stock opened at $57.43 on Friday. 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 cap of $3.69 billion, a P/E ratio of -13.51 and a beta of 0.91. The firm has a 50 day simple moving average of $58.50 and a 200 day simple moving average of $51.99. Kemper has a fifty-two week low of $38.32 and a fifty-two week high of $64.69.

Institutional Trading of Kemper

A number of institutional investors have recently bought and sold shares of KMPR. Fuller & Thaler Asset Management Inc. grew its holdings in Kemper by 24.8% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,989 shares of the insurance provider’s stock worth $180,140,000 after acquiring an additional 852,100 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Kemper in the 1st quarter valued at $23,384,000. Norges Bank bought a new stake in Kemper in the 4th quarter valued at $14,360,000. Thornburg Investment Management Inc. bought a new stake in Kemper in the 4th quarter valued at $8,109,000. Finally, Schroder Investment Management Group lifted its position in Kemper by 9.6% in the 4th quarter. Schroder Investment Management Group now owns 1,820,530 shares of the insurance provider’s stock valued at $88,605,000 after acquiring an additional 158,830 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders 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 2.16%. The ex-dividend date was Friday, February 16th. Kemper’s dividend payout ratio is presently -29.18%.

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.