Q3 2024 Earnings Forecast for Kemper Co. (NYSE:KMPR) Issued By William Blair

Kemper Co. (NYSE:KMPR) – William Blair cut their Q3 2024 earnings per share (EPS) estimates for Kemper in a report issued on Thursday, May 2nd. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $0.92 per share for the quarter, down from their previous estimate of $0.97. The consensus estimate for Kemper’s current full-year earnings is $4.50 per share. William Blair also issued estimates for Kemper’s Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $3.95 EPS and FY2025 earnings at $4.35 EPS.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.02). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.02) earnings per share.

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

Kemper Stock Down 0.2 %

Shares of Kemper stock opened at $60.35 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.89 billion, a P/E ratio of -31.76 and a beta of 0.89. Kemper has a fifty-two week low of $38.32 and a fifty-two week high of $64.69. The business has a 50-day moving average price of $58.60 and a 200 day moving average price of $52.81.

Hedge Funds Weigh In On Kemper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. YHB Investment Advisors Inc. acquired a new stake in Kemper in the first quarter worth approximately $25,000. CWM LLC lifted its position in Kemper by 257.8% in the first quarter. CWM LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 348 shares during the period. Blue Trust Inc. lifted its position in Kemper by 211.1% in the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 361 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Kemper in the third quarter worth approximately $32,000. Finally, Quest Partners LLC acquired a new stake in Kemper in the fourth quarter worth approximately $66,000. 86.23% of the stock is owned by institutional investors.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, May 10th. Kemper’s dividend payout ratio (DPR) is -65.26%.

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.