Fintel reports that on July 6, 2023, Piper Sandler maintained coverage of Kemper (NYSE:KMPR) with a Neutral recommendation.
Analyst Price Forecast Suggests 45.95% Upside
As of July 6, 2023, the average one-year price target for Kemper is 68.60. The forecasts range from a low of 52.52 to a high of $89.25. The average price target represents an increase of 45.95% from its latest reported closing price of 47.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Kemper is 5,108MM, a decrease of 7.00%. The projected annual non-GAAP EPS is 2.84.
Kemper Declares $0.31 Dividend
On May 3, 2023 the company declared a regular quarterly dividend of $0.31 per share ($1.24 annualized). Shareholders of record as of May 15, 2023 received the payment on May 30, 2023. Previously, the company paid $0.31 per share.
At the current share price of $47.00 / share, the stock's dividend yield is 2.64%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.79%, the lowest has been 1.11%, and the highest has been 2.94%. The standard deviation of yields is 0.49 (n=235).
The current dividend yield is 1.74 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -0.27. 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 is the Fund Sentiment?
There are 586 funds or institutions reporting positions in Kemper. This is an increase of 27 owner(s) or 4.83% in the last quarter. Average portfolio weight of all funds dedicated to KMPR is 0.19%, an increase of 19.23%. Total shares owned by institutions decreased in the last three months by 0.11% to 62,903K shares. 
The put/call ratio of KMPR is 0.17, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 4,560K shares representing 7.13% ownership of the company. In it's prior filing, the firm reported owning 4,867K shares, representing a decrease of 6.73%. The firm decreased its portfolio allocation in KMPR by 3.13% over the last quarter.
Wellington Management Group Llp holds 4,031K shares representing 6.30% ownership of the company. In it's prior filing, the firm reported owning 4,694K shares, representing a decrease of 16.43%. The firm decreased its portfolio allocation in KMPR by 5.70% over the last quarter.
T. Rowe Price Investment Management holds 3,486K shares representing 5.45% ownership of the company. In it's prior filing, the firm reported owning 3,856K shares, representing a decrease of 10.60%. The firm decreased its portfolio allocation in KMPR by 6.14% over the last quarter.
Fuller & Thaler Asset Management holds 2,947K shares representing 4.61% ownership of the company. In it's prior filing, the firm reported owning 3,696K shares, representing a decrease of 25.42%. The firm decreased its portfolio allocation in KMPR by 19.54% over the last quarter.
TRMCX - T. Rowe Price Mid-Cap Value Fund holds 2,606K shares representing 4.07% ownership of the company. In it's prior filing, the firm reported owning 2,747K shares, representing a decrease of 5.39%. The firm increased its portfolio allocation in KMPR by 3.06% over the last quarter.
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.
Additional reading:
- Earnings Call Presentation – 1Q 2023 First Quarter 2023 Earnings May 8, 2023 Earnings Call Presentation – 1Q 2023 Preliminary Matters 2 Cautionary Statements Regarding Forward-Looking Information This presentation may contain or incorporate by refere
- Kemper Reports First Quarter 2023 Operating Results
- Investor Supplement First Quarter 2023
- Kemper Announces Schedule for First Quarter 2023 Earnings Release and Preliminary Results
- Investor Day ‐ 2023 2023 Investor Day March 9, 2023 Investor Day ‐ 2023 Welcome and Introduction 2 Karen Guerra, VP of Investor Relations Investor Day ‐ 2023 Cautionary Statements Regarding Forward‐Looking Information This presentation may contain or
This story originally appeared on Fintel.
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