Kemper Co. (NYSE:KMPR – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 939,000 shares, a drop of 7.0% from the September 15th total of 1,010,000 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 340,900 shares, the short-interest ratio is currently 2.8 days.
Kemper Price Performance
Shares of NYSE KMPR opened at $62.96 on Thursday. 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 $4.05 billion, a price-to-earnings ratio of 80.72 and a beta of 0.85. The stock’s 50-day moving average is $61.15 and its two-hundred day moving average is $60.15. Kemper has a 1-year low of $38.52 and a 1-year high of $65.93.
Kemper (NYSE:KMPR – Get Free Report) last released its earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.23. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned ($0.26) earnings per share. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. Analysts forecast that Kemper will post 5.17 EPS for the current fiscal year.
Kemper Dividend Announcement
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on KMPR. Piper Sandler lifted their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. StockNews.com downgraded Kemper from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. Raymond James increased their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group lifted their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kemper has an average rating of “Buy” and an average target price of $76.20.
View Our Latest Analysis on Kemper
Institutional Investors Weigh In On Kemper
Several institutional investors have recently modified their holdings of KMPR. Vanguard Group Inc. raised its stake in Kemper by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,203,724 shares of the insurance provider’s stock valued at $301,935,000 after buying an additional 28,095 shares in the last quarter. Quadrature Capital Ltd raised its position in shares of Kemper by 157.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,301 shares of the insurance provider’s stock worth $648,000 after acquiring an additional 8,131 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in Kemper during the first quarter worth approximately $277,000. CWM LLC boosted its holdings in Kemper by 257.8% in the first quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 348 shares in the last quarter. Finally, Cadent Capital Advisors LLC purchased a new position in Kemper in the first quarter valued at approximately $229,000. 86.23% of the stock is 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.
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