Kemper Corp (KMPR) Expected to Post Quarterly Sales of $1.17 Billion

Wall Street brokerages expect Kemper Corp (NYSE:KMPR) to announce $1.17 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Kemper’s earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.20 billion. Kemper reported sales of $697.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 67.8%. The firm is expected to issue its next earnings report on Tuesday, February 12th.

On average, analysts expect that Kemper will report full-year sales of $3.79 billion for the current financial year, with estimates ranging from $3.77 billion to $3.81 billion. For the next financial year, analysts forecast that the company will post sales of $4.95 billion, with estimates ranging from $4.83 billion to $5.07 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Kemper.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Monday, November 5th. The insurance provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.39. Kemper had a return on equity of 9.56% and a net margin of 6.63%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 73.2% on a year-over-year basis.

A number of research analysts have commented on KMPR shares. Zacks Investment Research cut Kemper from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Keefe, Bruyette & Woods started coverage on Kemper in a research note on Thursday, November 1st. They set a “market perform” rating and a $80.00 price target on the stock. Finally, Sandler O’Neill upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.00.

In other news, Director George N. Cochran purchased 500 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were bought at an average cost of $83.55 per share, for a total transaction of $41,775.00. Following the completion of the purchase, the director now directly owns 9,428 shares of the company’s stock, valued at $787,709.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of KMPR. Principal Financial Group Inc. increased its position in shares of Kemper by 3.3% during the first quarter. Principal Financial Group Inc. now owns 214,511 shares of the insurance provider’s stock worth $12,227,000 after acquiring an additional 6,888 shares during the period. Allianz Asset Management GmbH increased its position in shares of Kemper by 127.2% during the first quarter. Allianz Asset Management GmbH now owns 23,130 shares of the insurance provider’s stock worth $1,318,000 after acquiring an additional 12,950 shares during the period. Bank of Montreal Can increased its position in shares of Kemper by 5.2% during the second quarter. Bank of Montreal Can now owns 14,418 shares of the insurance provider’s stock worth $1,090,000 after acquiring an additional 715 shares during the period. Amalgamated Bank increased its position in shares of Kemper by 12.0% during the second quarter. Amalgamated Bank now owns 6,407 shares of the insurance provider’s stock worth $485,000 after acquiring an additional 685 shares during the period. Finally, James Investment Research Inc. purchased a new stake in shares of Kemper during the second quarter worth $153,000. 60.23% of the stock is currently owned by institutional investors and hedge funds.

KMPR traded up $1.33 during trading hours on Friday, reaching $76.10. The company’s stock had a trading volume of 366,987 shares, compared to its average volume of 264,078. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.27 and a current ratio of 0.27. Kemper has a fifty-two week low of $50.85 and a fifty-two week high of $87.00. The stock has a market capitalization of $4.93 billion, a PE ratio of 46.40 and a beta of 1.11.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 19th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, November 16th. Kemper’s dividend payout ratio (DPR) is 58.54%.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.

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