Kemper (NYSE:KMPR) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Kemper (NYSE:KMPR) announced its quarterly earnings results on Monday. The insurance provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.19 by $0.23, Briefing.com reports. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.02 billion. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.26) earnings per share.

Kemper Stock Performance

Shares of KMPR traded up $2.51 during mid-day trading on Wednesday, reaching $60.37. 106,043 shares of the company’s stock were exchanged, compared to its average volume of 397,745. The business’s fifty day simple moving average is $60.35 and its 200-day simple moving average is $59.36. Kemper has a 52-week low of $38.32 and a 52-week high of $65.93. The stock has a market capitalization of $3.89 billion, a PE ratio of -30.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21.

Analyst Upgrades and Downgrades

KMPR has been the topic of a number of recent analyst reports. Piper Sandler increased their target price on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday. JMP Securities upped their price objective on shares of Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research note on Tuesday. One investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $74.00.

Insider Activity at Kemper

In other Kemper news, Director Gerald Laderman acquired 5,000 shares of the stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $61.01 per share, with a total value of $305,050.00. Following the transaction, the director now owns 16,700 shares of the company’s stock, valued at approximately $1,018,867. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.20% of the stock is owned by insiders.

Kemper Company Profile

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.