Kemper (NYSE:KMPR) Posts Earnings Results, Beats Estimates By $0.11 EPS

Kemper (NYSE:KMPR) released its quarterly earnings results on Wednesday. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11, FiscalAI reports. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.76%. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS.

Kemper Trading Down 2.5%

KMPR traded down $0.75 during mid-day trading on Friday, hitting $29.08. 215,719 shares of the stock were exchanged, compared to its average volume of 1,035,941. The firm’s fifty day moving average is $27.19 and its two-hundred day moving average is $30.49. Kemper has a 1-year low of $22.69 and a 1-year high of $54.90. The company has a market cap of $1.71 billion, a PE ratio of -3.45 and a beta of 1.04. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. Kemper’s payout ratio is presently -15.24%.

Institutional Trading of Kemper

Hedge funds have recently made changes to their positions in the business. Danske Bank A S acquired a new position in shares of Kemper in the third quarter valued at approximately $36,000. UMB Bank n.a. boosted its position in Kemper by 57.5% in the 4th quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock valued at $56,000 after buying an additional 507 shares during the period. Acadian Asset Management LLC boosted its position in Kemper by 27.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock valued at $115,000 after buying an additional 369 shares during the period. Quarry LP grew its stake in shares of Kemper by 328.6% in the third quarter. Quarry LP now owns 2,263 shares of the insurance provider’s stock worth $117,000 after acquiring an additional 1,735 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Kemper during the fourth quarter worth $133,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KMPR shares. Piper Sandler cut their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. UBS Group dropped their target price on Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Finally, Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. One equities research analyst has 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 currently has an average rating of “Reduce” and an average price target of $44.00.

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.