Kemper Corporation (NYSE:KMPR) released its earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.23, Morningstar.com reports. The firm had revenue of $684.40 million for the quarter, compared to analyst estimates of $641.20 million. Kemper Corporation had a return on equity of 1.26% and a net margin of 1.95%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS.
Shares of Kemper Corporation (NYSE KMPR) traded down 0.51% during mid-day trading on Friday, reaching $48.60. The company had a trading volume of 193,959 shares. The stock has a market capitalization of $2.49 billion, a P/E ratio of 48.99 and a beta of 1.11. The firm’s 50 day moving average is $40.62 and its 200-day moving average is $40.65. Kemper Corporation has a 12-month low of $35.30 and a 12-month high of $49.20.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, August 10th. Kemper Corporation’s payout ratio is presently 97.96%.
Several large investors have recently modified their holdings of the stock. Fiduciary Trust Co. acquired a new stake in shares of Kemper Corporation during the second quarter worth $122,000. LS Investment Advisors LLC increased its stake in shares of Kemper Corporation by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock worth $146,000 after buying an additional 580 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Kemper Corporation by 78.8% in the second quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after buying an additional 2,128 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Kemper Corporation during the first quarter worth $205,000. Finally, Amalgamated Bank increased its stake in shares of Kemper Corporation by 0.9% in the second quarter. Amalgamated Bank now owns 5,758 shares of the insurance provider’s stock worth $222,000 after buying an additional 53 shares in the last quarter. 55.13% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research firms have issued reports on KMPR. Zacks Investment Research raised Kemper Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub raised Kemper Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Raymond James Financial, Inc. raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a report on Thursday, August 3rd. UBS AG raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, TheStreet raised Kemper Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $52.50.
Kemper Corporation Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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