Key Points
- Kemper director Jason Gorevic bought 5,000 shares at an average price of $25.91, investing $129,550 and increasing his direct ownership by 18.66% to 31,802 shares.
- Kemper’s latest quarterly results beat expectations, with adjusted earnings of $0.45 per share versus the $0.34 consensus, although revenue fell 10.8% year over year to $1.09 billion.
- The company declared a quarterly dividend of $0.32 per share, representing an annualized payout of $1.28 and a yield of about 4.9%; analysts remain cautious, with a consensus “Reduce” rating and a $43.67 price target.
Kemper Corporation (NYSE:KMPR - Get Free Report) CFO Bradley Camden acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $26.34 per share, with a total value of $26,340.00. Following the acquisition, the chief financial officer directly owned 51,259 shares of the company's stock, valued at $1,350,162.06. This represents a 1.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Kemper Price Performance
Shares of NYSE:KMPR opened at $26.21 on Wednesday. The company's fifty day moving average price is $27.33 and its 200-day moving average price is $30.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.12 and a beta of 1.04. Kemper Corporation has a one year low of $22.69 and a one year high of $54.90.
Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $1.30 EPS. The firm's revenue was down 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that Kemper Corporation will post 1.93 earnings per share for the current fiscal year.
Kemper Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.9%. Kemper's payout ratio is -15.24%.
Wall Street Analysts Forecast Growth
KMPR has been the topic of a number of research reports. UBS Group decreased their price objective on Kemper from $44.00 to $43.00 and set a "buy" rating on the stock in a report on Monday. Piper Sandler reduced their price target on shares of Kemper from $35.00 to $28.00 and set an "underweight" rating on the stock in a research report on Thursday, May 7th. Zacks Research downgraded shares of Kemper from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Kemper from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings cut shares of Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $43.67.
Check Out Our Latest Report on Kemper
Key Kemper News
Here are the key news stories impacting Kemper this week:
- Positive Sentiment: Several insiders bought shares, including Director Jason Gorevic’s 5,000-share purchase for approximately $129,550. Director Gerald Laderman, CFO Bradley Camden and EVP Carl Evans also purchased shares, suggesting management views the current valuation as attractive. Kemper Director Acquires 5,000 Shares of Stock
- Positive Sentiment: UBS reiterated a “Buy” view on Kemper, although it reduced its price target modestly to $43 from $44. The rating indicates meaningful potential upside from recent trading levels. Kemper Receives a Buy from UBS
- Positive Sentiment: Kemper declared a quarterly dividend of $0.32 per share, equivalent to $1.28 annually and a yield of roughly 4.9%, which may appeal to income-focused investors.
- Neutral Sentiment: The latest quarterly earnings exceeded expectations, with EPS of $0.45 versus the $0.34 consensus. However, the earnings beat was accompanied by revenue of $1.09 billion, below the $1.16 billion estimate.
- Neutral Sentiment: Institutional ownership remains high at approximately 86.2%, and several investment firms increased their positions. This may provide some shareholder support but reflects holdings from the prior quarter rather than a new catalyst.
- Negative Sentiment: Revenue declined 10.8% year over year, EPS fell from $1.30 in the comparable quarter, and Kemper reported a negative net margin. These results reinforce concerns about operating performance in its insurance businesses.
- Negative Sentiment: Analyst sentiment remains cautious: the consensus rating is “Reduce,” with three Hold and four Sell ratings. Piper Sandler lowered its target to $28 and UBS also trimmed its target, while Zacks previously moved to “Strong Sell.”
Hedge Funds Weigh In On Kemper
Institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank increased its stake in Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock worth $26,000 after purchasing an additional 421 shares during the period. Signaturefd LLC bought a new position in shares of Kemper in the fourth quarter worth approximately $32,000. Danske Bank A S bought a new position in shares of Kemper in the third quarter worth approximately $36,000. Rockefeller Capital Management L.P. increased its stake in shares of Kemper by 616.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider's stock worth $38,000 after buying an additional 814 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Kemper by 11,455.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider's stock valued at $42,000 after buying an additional 1,031 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.
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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