TD Cowen Issues Positive Forecast for Kemper (NYSE:KMPR) Stock Price

Kemper (NYSE:KMPR) had its price objective upped by TD Cowen from $72.00 to $84.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

KMPR has been the topic of a number of other research reports. Raymond James boosted their target price on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 8th. Piper Sandler boosted their target price on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. UBS Group boosted their target price on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kemper has a consensus rating of “Buy” and an average price target of $79.00.

Kemper Price Performance

KMPR stock opened at $70.60 on Tuesday. The company has a market capitalization of $4.52 billion, a P/E ratio of 16.81 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 has a 52-week low of $40.93 and a 52-week high of $71.57. The business has a 50-day simple moving average of $63.11 and a two-hundred day simple moving average of $61.49.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned ($0.44) EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Research analysts expect that Kemper will post 5.17 EPS for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.76%. Kemper’s payout ratio is 29.52%.

Hedge Funds Weigh In On Kemper

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 289 shares during the period. 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. LRI Investments LLC bought a new stake in Kemper during the 1st quarter valued at $36,000. Quarry LP raised its holdings in Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 329 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Kemper during the 3rd quarter valued at $46,000. 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.