Kemper (NYSE:KMPR) Given New $71.00 Price Target at UBS Group

Kemper (NYSE:KMPR) had its price objective hoisted by UBS Group from $67.00 to $71.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

KMPR has been the subject of several other reports. Raymond James upped their target price on Kemper from $70.00 to $75.00 and gave the company a strong-buy rating in a research note on Thursday, August 8th. Piper Sandler upped their price target on Kemper from $77.00 to $80.00 and gave the stock an overweight rating in a research note on Tuesday, August 6th. Finally, JMP Securities upped their price target on Kemper from $80.00 to $85.00 and gave the stock a market outperform rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kemper currently has a consensus rating of Buy and an average target price of $76.20.

Kemper Stock Up 0.6 %

Kemper stock opened at $60.59 on Tuesday. The stock’s 50 day moving average price is $60.50 and its 200 day moving average price is $59.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market cap of $3.90 billion, a PE ratio of -31.89 and a beta of 0.89. Kemper has a 1-year low of $38.32 and a 1-year high of $65.93.

Kemper (NYSE:KMPR) last posted its earnings results on Monday, August 5th. The insurance provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.23. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned ($0.26) earnings per share. Kemper’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Kemper will post 5.1 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, August 19th. Kemper’s dividend payout ratio is currently -65.26%.

Hedge Funds Weigh In On Kemper

Several hedge funds have recently modified their holdings of KMPR. SG Americas Securities LLC bought a new stake in shares of Kemper during the 4th quarter worth $119,000. International Assets Investment Management LLC bought a new stake in shares of Kemper during the 4th quarter worth $440,000. Sequoia Financial Advisors LLC bought a new stake in shares of Kemper during the 4th quarter worth $641,000. Louisiana State Employees Retirement System bought a new stake in shares of Kemper during the 4th quarter worth $823,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kemper by 13.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,544 shares of the insurance provider’s stock worth $708,000 after acquiring an additional 1,701 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.