Kemper Corporation (KMPR) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a sell rating in a report released on Sunday, July 30th.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Kemper Corporation from a hold rating to a strong sell rating in a report on Friday, July 14th. TheStreet cut Kemper Corporation from a b- rating to a c rating in a report on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. Kemper Corporation currently has a consensus rating of Buy and a consensus target price of $55.50.

Kemper Corporation (NYSE KMPR) traded up 1.24% on Friday, reaching $49.05. The company’s stock had a trading volume of 203,439 shares. The company has a 50-day moving average price of $42.16 and a 200 day moving average price of $40.82. The company has a market cap of $2.52 billion, a P/E ratio of 49.45 and a beta of 1.11. Kemper Corporation has a 12 month low of $35.30 and a 12 month high of $50.00.

Kemper Corporation (NYSE:KMPR) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.23. Kemper Corporation had a return on equity of 1.26% and a net margin of 1.95%. The company had revenue of $684.40 million during the quarter, compared to analysts’ expectations of $641.20 million. During the same quarter in the previous year, the firm earned $0.08 EPS. Kemper Corporation’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Kemper Corporation will post $1.70 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.96%. Kemper Corporation’s payout ratio is presently 97.96%.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Kemper Corporation by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 587,789 shares of the insurance provider’s stock worth $23,453,000 after buying an additional 17,651 shares during the last quarter. Capital Fund Management S.A. purchased a new position in shares of Kemper Corporation during the first quarter worth about $223,000. State Treasurer State of Michigan boosted its position in shares of Kemper Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 19,750 shares of the insurance provider’s stock worth $788,000 after buying an additional 200 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Kemper Corporation by 3.5% in the first quarter. Great West Life Assurance Co. Can now owns 27,451 shares of the insurance provider’s stock worth $1,094,000 after buying an additional 917 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Kemper Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,018 shares of the insurance provider’s stock worth $679,000 after buying an additional 200 shares during the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

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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