Research Analysts Set Expectations for Kemper Co.’s Q1 2024 Earnings (NYSE:KMPR)

Kemper Co. (NYSE:KMPR) – Stock analysts at William Blair upped their Q1 2024 earnings estimates for Kemper in a research report issued on Tuesday, April 23rd. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $1.12 per share for the quarter, up from their prior forecast of $0.72. The consensus estimate for Kemper’s current full-year earnings is $4.22 per share. William Blair also issued estimates for Kemper’s FY2024 earnings at $4.02 EPS, Q1 2025 earnings at $1.02 EPS, Q2 2025 earnings at $1.02 EPS, Q3 2025 earnings at $1.20 EPS and Q4 2025 earnings at $1.31 EPS.

Kemper (NYSE:KMPR) last posted its earnings results on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%.

Several other research firms have also issued reports on KMPR. Raymond James increased their target price on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. TD Cowen initiated coverage on shares of Kemper in a research note on Wednesday, January 10th. They set an “outperform” rating and a $70.00 target price on the stock. Piper Sandler increased their target price on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. JMP Securities reissued a “market outperform” rating and set a $75.00 target price on shares of Kemper in a research note on Monday, April 15th. Finally, UBS Group upped their price target on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kemper presently has an average rating of “Buy” and a consensus price target of $70.40.

Kemper Trading Down 2.8 %

Shares of Kemper stock opened at $58.69 on Friday. The firm has a 50-day simple moving average of $58.55 and a two-hundred day simple moving average of $51.82. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. Kemper has a fifty-two week low of $38.32 and a fifty-two week high of $64.69.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KMPR. New York State Teachers Retirement System raised its holdings in Kemper by 0.3% in the 1st quarter. New York State Teachers Retirement System now owns 71,848 shares of the insurance provider’s stock valued at $4,449,000 after acquiring an additional 200 shares during the last quarter. Amalgamated Bank raised its holdings in Kemper by 0.6% in the 4th quarter. Amalgamated Bank now owns 37,881 shares of the insurance provider’s stock valued at $1,844,000 after acquiring an additional 235 shares during the last quarter. Arizona State Retirement System raised its holdings in Kemper by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 18,220 shares of the insurance provider’s stock valued at $766,000 after acquiring an additional 254 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Kemper by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,692 shares of the insurance provider’s stock valued at $1,299,000 after acquiring an additional 260 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Kemper by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 75,450 shares of the insurance provider’s stock valued at $3,672,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.24 annualized dividend and a dividend yield of 2.11%. Kemper’s dividend payout ratio (DPR) is presently -29.18%.

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.