Kemper (NYSE:KMPR – Get Rating) released its earnings results on Monday. The insurance provider reported ($0.62) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.08, Briefing.com reports. Kemper had a negative return on equity of 9.23% and a negative net margin of 5.79%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business posted ($1.54) EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year.
Kemper Price Performance
Shares of Kemper stock opened at $46.37 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.96 billion, a PE ratio of -8.75 and a beta of 0.76. The business has a 50 day moving average of $48.69 and a 200 day moving average of $51.52. Kemper has a 52 week low of $43.69 and a 52 week high of $70.65.
Kemper Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Monday, May 16th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.67%. Kemper’s dividend payout ratio is presently -23.40%.
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Analyst Ratings Changes
Separately, Credit Suisse Group initiated coverage on Kemper in a report on Thursday, April 28th. They issued an “underperform” rating and a $44.00 price objective for the company.
Hedge Funds Weigh In On Kemper
A number of hedge funds and other institutional investors have recently made changes to their positions in KMPR. PNC Financial Services Group Inc. grew its stake in Kemper by 20.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider’s stock worth $134,000 after purchasing an additional 410 shares during the period. Jane Street Group LLC purchased a new stake in Kemper in the first quarter worth $389,000. American Century Companies Inc. grew its stake in Kemper by 16.1% in the first quarter. American Century Companies Inc. now owns 8,516 shares of the insurance provider’s stock worth $481,000 after purchasing an additional 1,179 shares during the period. Bank of Montreal Can grew its stake in Kemper by 14.9% in the first quarter. Bank of Montreal Can now owns 8,617 shares of the insurance provider’s stock worth $489,000 after purchasing an additional 1,118 shares during the period. Finally, Graham Capital Management L.P. grew its stake in Kemper by 201.6% in the first quarter. Graham Capital Management L.P. now owns 11,565 shares of the insurance provider’s stock worth $653,000 after purchasing an additional 7,730 shares during the period. Institutional investors own 80.84% of the company’s stock.
About Kemper
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance 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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