Kemper (NYSE:KMPR) Price Target Lowered to $48.00 at UBS Group

Kemper (NYSE:KMPR) had its target price trimmed by UBS Group from $56.00 to $48.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

KMPR has been the topic of several other reports. Citigroup downgraded shares of Kemper to a “market perform” rating in a report on Thursday, February 5th. Citizens Jmp downgraded shares of Kemper from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 5th. Wall Street Zen downgraded shares of Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Finally, William Blair downgraded shares of Kemper from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $54.50.

Kemper Price Performance

NYSE:KMPR opened at $31.43 on Wednesday. Kemper has a one year low of $28.41 and a one year high of $66.13. The company has a market cap of $1.85 billion, a P/E ratio of 14.35 and a beta of 1.14. The firm’s fifty day moving average price is $32.06 and its two-hundred day moving average price is $38.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.60). Kemper had a net margin of 2.99% and a return on equity of 8.02%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Kemper’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts expect that Kemper will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.32 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. Kemper’s dividend payout ratio is 58.45%.

Hedge Funds Weigh In On Kemper

Several institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank grew its stake in Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after buying an additional 421 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Kemper by 1,098.0% during the third quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock worth $30,000 after buying an additional 538 shares in the last quarter. Signaturefd LLC acquired a new stake in Kemper during the fourth quarter worth about $32,000. Jones Financial Companies Lllp grew its stake in Kemper by 73.5% during the third quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock worth $34,000 after buying an additional 278 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Kemper during the third quarter worth about $36,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.