TD Cowen Boosts Kemper (NYSE:KMPR) Price Target to $84.00

Kemper (NYSE:KMPR) had its target price hoisted by TD Cowen from $72.00 to $84.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the insurance provider’s stock.

KMPR has been the topic of several other research reports. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Piper Sandler increased their target price on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Raymond James increased 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. UBS Group increased their target price on Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, JMP Securities restated a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $79.00.

Kemper Trading Up 0.1 %

Kemper stock opened at $70.60 on Tuesday. The stock has a market cap of $4.52 billion, a P/E ratio of 16.81 and a beta of 0.85. Kemper has a fifty-two week low of $40.93 and a fifty-two week high of $71.57. The firm’s fifty day moving average price is $63.11 and its 200-day moving average price is $61.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.28. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. Equities research analysts forecast that Kemper will post 5.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.76%. Kemper’s dividend payout ratio is currently 29.52%.

Institutional Trading of Kemper

A number of institutional investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Kemper by 72.3% during the third quarter. Barclays PLC now owns 29,067 shares of the insurance provider’s stock worth $1,781,000 after purchasing an additional 12,196 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kemper by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider’s stock worth $61,933,000 after purchasing an additional 9,412 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Kemper during the third quarter worth about $275,000. XTX Topco Ltd bought a new position in Kemper in the third quarter worth about $654,000. Finally, iSAM Funds UK Ltd bought a new position in Kemper in the third quarter worth about $393,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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.