Kemper Corporation (KMPR) Announces Quarterly Earnings Results
Kemper Corporation (NYSE:KMPR) issued its earnings results on Monday. The insurance provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.57, Bloomberg Earnings reports. Kemper Corporation had a return on equity of 4.52% and a net margin of 4.32%. The company had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. During the same period in the prior year, the firm posted ($0.40) EPS. The business’s revenue was up 7.7% compared to the same quarter last year.
Shares of Kemper Corporation (NYSE KMPR) traded up 1.79% on Wednesday, reaching $65.25. The company’s stock had a trading volume of 41,404 shares. The stock has a market cap of $3.35 billion, a PE ratio of 65.78 and a beta of 1.11. Kemper Corporation has a 1-year low of $35.30 and a 1-year high of $65.45. The company’s 50 day moving average is $55.30 and its 200-day moving average is $45.02.
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In other news, Director Susan D. Whiting purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $49.06 per share, for a total transaction of $49,060.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $49,060. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.92% of the company’s stock.
Several brokerages have weighed in on KMPR. Zacks Investment Research lowered Kemper Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub raised Kemper Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 5th. Raymond James Financial, Inc. raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research report on Thursday, August 3rd. UBS AG raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, TheStreet raised Kemper Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a strong buy rating to the stock. Kemper Corporation currently has a consensus rating of “Buy” and a consensus price target of $55.50.
About Kemper Corporation
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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