Piper Sandler Boosts Kemper (NYSE:KMPR) Price Target to $86.00

Kemper (NYSE:KMPR - Free Report) had its price objective boosted by Piper Sandler from $83.00 to $86.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the insurance provider's stock.

Other analysts also recently issued research reports about the company. JMP Securities reiterated a "market outperform" rating and issued a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. TD Cowen boosted their price target on shares of Kemper from $72.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Raymond James raised their price objective on shares of Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a report on Thursday, December 26th. Finally, StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $81.60.

Kemper Stock Performance

Shares of KMPR stock traded down $0.80 during trading hours on Thursday, reaching $67.42. 242,031 shares of the company's stock were exchanged, compared to its average volume of 352,763. The business has a fifty day moving average price of $66.53 and a 200-day moving average price of $64.51. The stock has a market capitalization of $4.32 billion, a P/E ratio of 13.73 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper has a fifty-two week low of $54.11 and a fifty-two week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. Analysts predict that Kemper will post 5.95 EPS for the current fiscal year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.32 per share. This is a positive change from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.28 annualized dividend and a dividend yield of 1.90%. Kemper's dividend payout ratio (DPR) is presently 25.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Kemper by 114.7% in the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock worth $33,000 after purchasing an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Kemper by 5,590.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 559 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock worth $40,000 after purchasing an additional 352 shares during the period. Clean Yield Group bought a new stake in Kemper during the 4th quarter worth about $45,000. Finally, Capital Performance Advisors LLP acquired a new position in Kemper during the 3rd quarter valued at about $46,000. 86.23% of the stock is owned by institutional investors and hedge funds.

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.