Fintel reports that on April 18, 2023, JMP Securities reiterated coverage of Kemper (NYSE:KMPR) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 31.77% Upside
As of April 6, 2023, the average one-year price target for Kemper is $71.60. The forecasts range from a low of $56.56 to a high of $89.25. The average price target represents an increase of 31.77% from its latest reported closing price of $54.34.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Kemper is $5,108MM, a decrease of 8.41%. The projected annual non-GAAP EPS is $2.84.
Kemper Declares $0.31 Dividend
On February 1, 2023 the company declared a regular quarterly dividend of $0.31 per share ($1.24 annualized). Shareholders of record as of February 13, 2023 received the payment on February 28, 2023. Previously, the company paid $0.31 per share.
At the current share price of $54.34 / share, the stock's dividend yield is 2.28%. Looking back five years and taking a sample every week, the average dividend yield has been 1.74%, the lowest has been 1.11%, and the highest has been 2.94%. The standard deviation of yields is 0.46 (n=236).
The current dividend yield is 1.18 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -0.26. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.03%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
CWSIX - Carillon Chartwell Small Cap Value Fund Class Chartwell holds 32K shares representing 0.05% ownership of the company. In it's prior filing, the firm reported owning 36K shares, representing a decrease of 11.09%. The firm decreased its portfolio allocation in KMPR by 0.42% over the last quarter.
State of New Jersey Common Pension Fund D holds 43K shares representing 0.07% ownership of the company. No change in the last quarter.
FZIPX - Fidelity ZERO Extended Market Index Fund holds 16K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 15K shares, representing an increase of 2.07%. The firm increased its portfolio allocation in KMPR by 15.92% over the last quarter.
SCHA - Schwab U.S. Small-Cap ETF holds 267K shares representing 0.42% ownership of the company. In it's prior filing, the firm reported owning 235K shares, representing an increase of 11.87%. The firm increased its portfolio allocation in KMPR by 34.38% over the last quarter.
JSTC - Adasina Social Justice All Cap Global ETF holds 1K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 1K shares, representing an increase of 6.91%.
What is the Fund Sentiment?
There are 560 funds or institutions reporting positions in Kemper.
This is an increase
of
48
owner(s) or 9.38% in the last quarter.
Average portfolio weight of all funds dedicated to KMPR is 0.16%,
an increase
of 4.07%.
Total shares owned by institutions decreased
in the last three months by 3.02% to 62,981K shares.
The put/call ratio of KMPR is 1.67, indicating a
bearish
outlook.
Kemper Background Information
(This description is provided by the company.)
The Kemper family of companies is one of the nation's leading specialized insurers. With $14.3 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.2 million policies, is represented by more than 30,000 agents and brokers, and has 9,500 associates dedicated to meeting the ever-changing needs of its customers.
See all Kemper regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
