Key Points
- Suzet Mckinney sold 504 shares of Kemper (NYSE:KMPR) on Feb. 6 at an average price of $34.66 for $17,468.64, trimming her ownership by 9.06% to 5,060 shares.
- Kemper missed quarterly expectations, reporting $0.25 EPS versus $0.85 expected and revenue of $1.13 billion versus $1.22 billion expected, with revenue down 4.7% year-over-year.
- The company declared a $0.32 quarterly dividend (annualized $1.28) with a 3.7% yield; the ex-dividend date is Feb. 17 and the payment date is Mar. 3.
Kemper Corporation (NYSE:KMPR - Get Free Report) Director Suzet Mckinney sold 504 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $34.66, for a total value of $17,468.64. Following the transaction, the director directly owned 5,060 shares in the company, valued at $175,379.60. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Kemper Trading Down 0.1%
NYSE KMPR opened at $34.19 on Tuesday. The firm's fifty day simple moving average is $39.35 and its 200-day simple moving average is $45.72. The company has a current ratio of 0.18, a quick ratio of 0.19 and a debt-to-equity ratio of 0.35. Kemper Corporation has a 1-year low of $30.05 and a 1-year high of $69.83. The company has a market capitalization of $2.00 billion, a PE ratio of 15.61 and a beta of 1.14.
Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.60). Kemper had a return on equity of 8.02% and a net margin of 2.99%.The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the business earned $1.78 earnings per share. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.
Kemper Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Kemper's payout ratio is currently 58.45%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. UBS Group set a $56.00 price objective on shares of Kemper in a research note on Monday. Zacks Research upgraded Kemper from a "strong sell" rating to a "hold" rating in a report on Friday, January 23rd. Citizens Jmp downgraded Kemper from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 5th. William Blair downgraded Kemper from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 18th. Finally, Raymond James Financial cut Kemper from an "outperform" rating to a "market perform" rating and set a $60.00 target price for the company. in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Kemper presently has a consensus rating of "Reduce" and an average target price of $56.50.
Get Our Latest Stock Report on Kemper
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Huntington National Bank grew its stake in shares of Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock worth $26,000 after acquiring an additional 421 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Kemper by 1,098.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider's stock valued at $30,000 after purchasing an additional 538 shares during the period. Signaturefd LLC bought a new stake in Kemper in the 4th quarter valued at $32,000. Jones Financial Companies Lllp grew its position in Kemper by 73.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider's stock worth $34,000 after purchasing an additional 278 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Kemper during the 3rd quarter worth about $36,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Kemper Company Profile
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Get Free Report)
Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.
The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers' compensation and specialty property solutions tailored to small and mid-sized enterprises.
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