Kemper Corp (NYSE:KMPR) – Analysts at Piper Sandler lowered their Q1 2020 earnings per share estimates for shares of Kemper in a note issued to investors on Wednesday, March 11th. Piper Sandler analyst P. Newsome now forecasts that the insurance provider will post earnings of $1.59 per share for the quarter, down from their prior forecast of $1.60. Piper Sandler also issued estimates for Kemper’s Q2 2020 earnings at $1.37 EPS, Q3 2020 earnings at $1.60 EPS, Q4 2020 earnings at $1.38 EPS, FY2020 earnings at $5.95 EPS, Q1 2021 earnings at $1.62 EPS, Q2 2021 earnings at $1.38 EPS, Q3 2021 earnings at $1.63 EPS and Q4 2021 earnings at $1.36 EPS.
Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.03. Kemper had a net margin of 10.54% and a return on equity of 11.42%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Friday, February 14th. ValuEngine raised shares of Kemper from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.
Shares of NYSE KMPR opened at $75.31 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 9.47 and a beta of 1.22. The firm has a 50 day moving average price of $76.31 and a 200 day moving average price of $75.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.24 and a current ratio of 0.24. Kemper has a 52-week low of $61.81 and a 52-week high of $91.97.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its stake in shares of Kemper by 29.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 772 shares of the insurance provider’s stock valued at $60,000 after acquiring an additional 177 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Kemper by 25.0% in the fourth quarter. Parallel Advisors LLC now owns 1,000 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Kemper by 0.5% in the fourth quarter. Texas Permanent School Fund now owns 42,852 shares of the insurance provider’s stock valued at $3,321,000 after acquiring an additional 229 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Kemper by 1.7% in the fourth quarter. State of Michigan Retirement System now owns 18,450 shares of the insurance provider’s stock valued at $1,430,000 after acquiring an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Kemper by 217.2% in the fourth quarter. Advisory Services Network LLC now owns 460 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 315 shares in the last quarter. 69.38% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Mark A. Green sold 34,590 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $76.00, for a total value of $2,628,840.00. Following the sale, the executive vice president now owns 32,141 shares of the company’s stock, valued at $2,442,716. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Kemper’s previous quarterly dividend of $0.28. Kemper’s payout ratio is currently 19.14%.
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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.