Kemper (NYSE:KMPR) Price Target Raised to $82.00

Kemper (NYSE:KMPR) had its price target hoisted by Raymond James from $75.00 to $82.00 in a research note issued to investors on Thursday morning,Benzinga reports. Raymond James currently has a strong-buy rating on the insurance provider’s stock.

Several other equities analysts have also recently commented on KMPR. JMP Securities reissued a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research report on Tuesday, October 15th. StockNews.com lowered Kemper from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TD Cowen boosted their price objective on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kemper presently has a consensus rating of “Buy” and an average price target of $80.40.

Kemper Trading Down 1.3 %

Shares of Kemper stock opened at $65.18 on Thursday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $67.36 and a 200 day simple moving average of $63.24. Kemper has a 12-month low of $48.15 and a 12-month high of $73.01. The company has a market capitalization of $4.17 billion, a P/E ratio of 15.52 and a beta of 0.88.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted ($0.44) EPS. The business’s revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Kemper will post 5.36 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. Kemper’s dividend payout ratio (DPR) is presently 29.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Kemper by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after buying an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Kemper by 5,590.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 559 shares during the period. Quarry LP lifted its position in shares of Kemper by 105.1% during the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 329 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Kemper in the third quarter worth $46,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Kemper in the third quarter valued at $82,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Kemper

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.