Kemper (NYSE:KMPR) Sets New 1-Year High – Here’s What Happened

Shares of Kemper Co. (NYSE:KMPR) hit a new 52-week high during trading on Thursday . The stock traded as high as $70.32 and last traded at $69.70, with a volume of 27056 shares traded. The stock had previously closed at $69.73.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMPR. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Raymond James increased their price objective on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Piper Sandler increased their price objective on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. UBS Group increased their price objective on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.20.

Kemper Stock Performance

The stock’s fifty day moving average is $62.70 and its two-hundred day moving average is $61.28. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 16.96 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.28. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business earned ($0.44) EPS. Analysts forecast that Kemper Co. will post 5.17 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. Kemper’s payout ratio is currently 29.52%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Kemper by 114.7% in the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 559 shares during the last quarter. LRI Investments LLC bought a new stake in Kemper in the 1st quarter valued at about $36,000. Quarry LP lifted its position in Kemper by 105.1% in the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 329 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Kemper in the 3rd quarter valued at about $46,000. 86.23% of the stock is currently owned by institutional investors.

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.