Kemper (KMPR, Financial) reported its first-quarter revenue at $1.193 billion, slightly below the market expectation of $1.21 billion. The company showcased impressive progress in its Specialty Auto division, highlighted by a notable 92% underlying combined ratio. Additionally, year-over-year policy growth was up by 14%, and there was a significant 24% increase in written premiums.
President and CEO Joseph Lacher, Jr. highlighted the enhanced capital and liquidity standings, with a notable reduction in the debt-to-capital ratio and operating cash flows nearing record levels. Kemper's strategic focus over recent years has been on fortifying its resilience, a move that positions it well amid the current market volatility. The company maintains optimism about its capability to generate sustainable long-term value for shareholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Kemper Corp (KMPR, Financial) is $84.40 with a high estimate of $90.00 and a low estimate of $79.00. The average target implies an upside of 36.99% from the current price of $61.61. More detailed estimate data can be found on the Kemper Corp (KMPR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Kemper Corp's (KMPR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Kemper Corp (KMPR, Financial) in one year is $50.65, suggesting a downside of 17.79% from the current price of $61.61. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Kemper Corp (KMPR) Summary page.
