JMP Securities Reaffirms Market Outperform Rating for Kemper (NYSE:KMPR)

JMP Securities reissued their market outperform rating on shares of Kemper (NYSE:KMPR) in a report issued on Monday, Benzinga reports. JMP Securities currently has a $75.00 price target on the insurance provider’s stock.

KMPR has been the subject of several other reports. UBS Group increased their price objective on Kemper from $60.00 to $65.00 and gave the company a buy rating in a report on Monday, February 5th. Piper Sandler increased their price objective on Kemper from $66.00 to $72.00 and gave the company an overweight rating in a report on Monday, April 1st. Raymond James increased their price objective on Kemper from $60.00 to $70.00 and gave the company a strong-buy rating in a report on Friday, January 26th. Finally, TD Cowen initiated coverage on Kemper in a report on Wednesday, January 10th. They set an outperform rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Buy and an average target price of $70.40.

Kemper Stock Performance

Shares of KMPR opened at $56.40 on Monday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of -13.27 and a beta of 0.91. The stock has a 50 day moving average of $58.48 and a 200 day moving average of $51.17. Kemper has a 12 month low of $38.32 and a 12 month high of $64.69.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, sell-side analysts forecast that Kemper will post 4.17 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, February 16th. Kemper’s payout ratio is currently -29.18%.

Hedge Funds Weigh In On Kemper

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Kemper by 211.1% during the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after buying an additional 361 shares during the period. Gyon Technologies Capital Management LP bought a new stake in Kemper during the fourth quarter valued at $29,000. CWM LLC boosted its stake in Kemper by 257.8% during the first quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after buying an additional 348 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new stake in Kemper during the third quarter valued at $31,000. Finally, Exchange Traded Concepts LLC bought a new stake in Kemper during the third quarter valued at $32,000. 86.23% of the stock is owned by institutional investors.

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.