Kemper (NYSE:KMPR) Trading 5.6% Higher

Kemper Co. (NYSE:KMPR) was up 5.6% on Wednesday . The company traded as high as $61.73 and last traded at $61.72. Approximately 480,903 shares were traded during trading, an increase of 10% from the average daily volume of 436,784 shares. The stock had previously closed at $58.46.

Wall Street Analysts Forecast Growth

KMPR has been the subject of a number of recent analyst reports. Raymond James raised their price target on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. UBS Group upped their target price on shares of Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Piper Sandler increased their target price on Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. JMP Securities reiterated a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a report on Monday, April 15th. Finally, TD Cowen began coverage on Kemper in a research note on Wednesday, January 10th. They set an “outperform” rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $70.40.

Kemper Trading Down 2.2 %

The company’s 50 day moving average price is $58.50 and its 200 day moving average price is $51.93. The company has a market cap of $3.69 billion, a price-to-earnings ratio of -13.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.20 and a current ratio of 0.20.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.78 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $1.21 billion. Research analysts anticipate that Kemper Co. will post 4.22 EPS for the current year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 16th. Kemper’s dividend payout ratio is currently -29.18%.

Hedge Funds Weigh In On Kemper

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC acquired a new stake in Kemper in the 3rd quarter valued at about $32,000. Oak Thistle LLC acquired a new stake in Kemper in the 3rd quarter valued at about $344,000. Raymond James & Associates increased its position in Kemper by 33.0% in the 3rd quarter. Raymond James & Associates now owns 52,526 shares of the insurance provider’s stock valued at $2,208,000 after acquiring an additional 13,029 shares in the last quarter. Ceredex Value Advisors LLC increased its position in Kemper by 21.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 399,700 shares of the insurance provider’s stock valued at $16,799,000 after acquiring an additional 71,550 shares in the last quarter. Finally, New South Capital Management Inc. increased its position in Kemper by 20.4% in the 3rd quarter. New South Capital Management Inc. now owns 934,506 shares of the insurance provider’s stock valued at $39,277,000 after acquiring an additional 158,188 shares in the last quarter. 86.23% of the stock is 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.