Kemper (NYSE:KMPR) Stock, Quote.Headers.trade-ideas

Kemper

Kemper Corp is a diversified insurance company that provides services in property and casualty insurance, along with life and health insurance. The company's property and casualty segment offers personal and commercial lines for home and automotive products. The company conducts its operations through two operating segments: Specialty Property & Casualty Insurance, and Life Insurance.

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Shares of MGIC Investment Corporation (NYSE: MTG) have rallied 23.8% year to date, outperforming the industry&#39;s growth of 12.7%, the Finance sector&#39;s rise of 10.4% and the Zacks S&amp;P 500 composite&#39;s increase of 16.8%.

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Kemper Corp

TD Cowen maintains Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) with a Buy and raises the price target from $72 to $84.

Price Target

TD Cowen Maintains Buy on Kemper, Raises Price Target to $84

Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.34 by 20.9 percent. The company reported quarterly sales of $1.18 billion which beat the analyst consensus estimate of $1.03 billion by 14.88 percent. This is a 1.67 percent decrease over sales of $1.20 billion the same period last year.

Kemper Q3 2024 Adj EPS $1.62 Beats $1.34 Estimate, Sales $1.18B Beat $1.03B Estimate

Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) reported quarterly sales of $1.18 billion which beat the analyst consensus estimate of $1.03 billion by 14.88 percent. This is a 1.67 percent decrease over sales of $1.20 billion the same period last year.

Kemper Q3 Sales $1.18B Beat $1.03B Estimate

Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Kemper to report an earnings per share (EPS) of $1.37.
Investors in Kemper are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.36, leading to a 6.24% drop in the share price the following trading session.
Here's a look at Kemper's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.06</td>
<td>1.09</td>
<td>0.72</td>
<td>-0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.42</td>
<td>1.07</td>
<td>0.78</td>
<td>-0.44</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-0.0%</td>
<td>-5.0%</td>
<td>-5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730214156_0.png" alt="eps graph" />
<h3>Kemper Share Price Analysis</h3>
Shares of Kemper were trading at $64.34 as of October 28. Over the last 52-week period, shares are up 61.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/KMPR/earnings">To track all earnings releases for Kemper visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Kemper's Earnings

Ratings for Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Kemper, revealing an average target of $79.2, a high estimate of $85.00, and a low estimate of $71.00. This current average has increased by 4.49% from the previous average price target of $75.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1729011636_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Kemper by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$85.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Seth Rosenfeld</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$71.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>C. Gregory Peters</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$85.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$77.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Kemper. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Kemper compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Kemper's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Kemper's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/KMPR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kemper analyst ratings.</a>
<h2>About Kemper</h2>
Kemper Corp is a diversified insurance company that provides services in property and casualty insurance, along with life and health insurance. The company's property and casualty segment offers personal and commercial lines for home and automotive products. The company conducts its operations through two operating segments: Specialty Property &amp; Casualty Insurance, and Life Insurance.
<h3>Financial Insights: Kemper</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Kemper's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -9.2%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Kemper's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.62%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Kemper's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.87%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Kemper's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.6%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.52, Kemper faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 5 Analyst Evaluations For Kemper

JMP Securities analyst Matthew Carletti reiterates Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) with a Market Outperform and maintains $85 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Kemper, Maintains $85 Price Target

Shares of MGIC Investment Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtg#NYSE">MTG</a>)&nbsp;have rallied 23.8% year to date, outperforming the industry&#39;s growth of 12.7%, the Finance sector&#39;s rise of 10.4% and the Zacks S&amp;P 500 composite&#39;s increase of 16.8%. With a market capitalization of $6.2 billion, the average volume of shares traded in the last three months was 1.7 million.
Solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment drive this Zacks Rank #1 (Strong Buy) mortgage insurer.
MTG has a solid earnings surprise history. It surpassed estimates in each of the last four quarters, the average earnings surprise being 15.59%. Earnings of MTG have risen 8.7% over the last five years.
Return on invested capital in the trailing 12 months was 11.4%, better than the industry average of 2.4%, reflecting MTG&#39;s efficiency in utilizing funds to generate income.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4d/74483.jpg?v=1683554658" />
Image Source: Zacks Investment Research
<h3>Can the Stock Retain the Momentum?</h3>
New business, combined with increasing annual persistency, drives growth of the insurance-in-force portfolio. A higher level of new and existing home sales, increased percentage of homes purchased for cash and improved level of refinance activity in an improving housing market should help this largest private mortgage insurer in the United States retain the momentum.
MTG has been witnessing a declining pattern of claim filings. A decline in loss and claims will strengthen the balance sheet and improve the insurer&#39;s financial profile.
Banking on capital contribution, reinsurance transactions and cash position, the company has been improving its capital position. Both leverage and times interest earned ratios have been improving.
A solid capital position supports MTG in wealth distribution to shareholders via dividend hikes and share buybacks.&nbsp; The latest 13% increase in its quarterly dividend to 13 cents per share marked four straight years of dividend increases at a compound annual growth rate of 21%. The company currently has $724 million remaining in its authorization kitty through December 2026. Its share repurchase activity reflects continued strong mortgage credit performance.
The Zacks Consensus Estimate for 2024 earnings is pegged at $2.70 per share, suggesting an increase of 6.7% on 4.7% higher revenues of $1.2 billion. The consensus estimate for 2025 earnings per share is $2.72, suggesting an increase of 0.7% on 4.7% higher revenues of $1.3 billion. The long-term earnings growth rate is expected to be 6.8%.
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 7.1% and 4.6% north, respectively, in the past 30 days, reflecting analyst optimism.&nbsp;
<h3>Other Stocks to Consider</h3>
Other players in the insurance industry are CNO Financial Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cno#NYSE">CNO</a>), Enact Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/act#NASDAQ">ACT</a>) and Kemper Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmpr#NYSE">KMPR</a>), each sporting a Zacks Rank #1.
CNO Financial earnings surpassed estimates in three of the last four quarters and missed in one, the average beat being 21.21%. Year to date, CNO has rallied 16.5%.
The Zacks Consensus Estimate for CNO&#39;s 2024 and 2025 earnings implies 11% and 6.2% year-over-year growth, respectively.
Enact Holdings earnings surpassed estimates in each of the last four quarters, the average earnings surprise being 13.96%. Year to date, ACT stock has surged 18%.
The Zacks Consensus Estimate for ACT&#39;s 2024 and 2025 earnings indicates 1% year-over-year growth each.
Kemper&#39;s earnings surpassed estimates in two of the last four quarters, missed in one and met estimates in one, the average earnings surprise being 6.93%. Year to date, KMPR stock has surged 28.6%.
The Zacks Consensus Estimate for KMPR&#39;s 2024 and 2025 earnings suggests 796.6% and 14.6% year-over-year growth, respectively.
<a href="https://www.zacks.com/stock/news/2323202/mgic-investment-mtg-gains-24-ytd-more-room-for-growth?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2323202">To read this article on Zacks.com click here.</a>

UBS analyst Seth Rosenfeld maintains Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) with a Buy and raises the price target from $67 to $71.

UBS Maintains Buy on Kemper, Raises Price Target to $71

Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $80.0, a high estimate of $85.00, and a low estimate of $75.00. This upward trend is evident, with the current average reflecting a 5.96% increase from the previous average price target of $75.50.
<img src="https://www.benzinga.com/files/images/story/2024/1723140028_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Kemper. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>C. Gregory Peters</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$85.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$80.00</td>
<td>$75.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Kemper. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Kemper compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Kemper's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Kemper's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/KMPR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kemper analyst ratings.</a>
<h2>Unveiling the Story Behind Kemper</h2>
Kemper Corp is a diversified insurance company that provides services in property and casualty insurance, along with life and health insurance. The company's property and casualty segment offers personal and commercial lines for home and automotive products. The company conducts its operations through two operating segments: Specialty Property &amp; Casualty Insurance, and Life Insurance.
<h3>Financial Milestones: Kemper's Journey</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Challenges: Kemper's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -9.2%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Kemper's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 6.62%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.87%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Kemper's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.6%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Kemper's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.52, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 4 Analyst Recommendations For Kemper

Raymond James analyst C. Gregory Peters maintains Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) with a Strong Buy and raises the price target from $70 to $75.

Raymond James Maintains Strong Buy on Kemper, Raises Price Target to $75

JMP Securities analyst Matthew Carletti maintains Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) with a Market Outperform and raises the price target from $80 to $85.

JMP Securities Maintains Market Outperform on Kemper, Raises Price Target to $85

WIIM

Kemper shares are trading lower. The company reported Q2 financial results.

Piper Sandler analyst Paul Newsome maintains Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) with a Overweight and raises the price target from $77 to $80.

Piper Sandler Maintains Overweight on Kemper, Raises Price Target to $80

Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) reported quarterly earnings of $1.42 per share which beat the analyst consensus estimate of $1.23 by 15.45 percent. The company reported quarterly sales of $1.130 billion which beat the analyst consensus estimate of $977.852 million by 15.56 percent. This is a 10.53 percent decrease over sales of $1.263 billion the same period last year.

Kemper Q2 2024 Adj. EPS $1.42 Beats $1.23 Estimate, Sales $1.130B Beat $977.852M Estimate

Prudential Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pru#NYSE">PRU</a>) is slated to report second-quarter 2024 earnings on Aug 1, after market close. PRU delivered a negative earnings surprise in the last reported quarter.
<h3>Factors to Consider</h3>
The U.S. business is likely to have gained from higher spread income, driven by business growth and the benefit of higher interest rates and variable investment income, as well as more favorable underwriting results.
Prudential Financial&#39;s international businesses are likely to have benefited from higher net investment spread results and higher earnings from joint ventures and other operating entities. The upside is likely to have been partially offset by lower underwriting results.
Group Insurance business in the to-be-reported quarter is likely to have benefited from more higher underwriting results and higher net investment spread results. The upside is likely to have been partially offset by higher expenses.
PGIM is likely to have gained from equity market appreciation and tightening credit spreads. The upside is likely to have been partially offset by the impacts of higher interest rates and unfavorable foreign exchange rates.
Assets under management are likely to have benefited from equity market appreciation and tightening credit spreads, partially offset by net outflows.
Net investment income is likely to have gained from higher reinvestment rates, higher non-coupon income and growth in indexed variable annuities. The upside is likely to have been partially offset by higher operating and variable expenses. We expect net investment income to increase 7.4% to $4 billion in the to-be-reported quarter.
Expenses are likely to have increased because of higher general and administrative expenses, amortization of deferred policy acquisition costs and interest credited to policyholders&#39; account balances. We expect total expenses to be $11.5 billion.
The Individual Retirement Strategies business is likely to have benefited from higher net investment spread results due to higher reinvestment rates, more favorable short-term interest rates and growth in indexed variable annuities.
The company estimates earnings per share to be $3.36 for the second quarter of 2024.
The Zacks Consensus Estimate for earnings per share is pegged at $3.43, indicating an increase of 16.6% from the year-ago period&#39;s reported figure.
The Zacks Consensus Estimate for revenues is pegged at $13.78 billion, indicating a decrease of 9% from the year-ago quarter&#39;s reported figure.
<h3>What Our Quantitative Model Unveils</h3>
Our proven model predicts an earnings beat for Prudential Financial this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: Prudential Financial has an Earnings ESP of +0.11%.
<div class="chart_embed">
Prudential Financial, Inc. Price and EPS Surprise
<img alt="Prudential Financial, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/ca/1722255782.png" style="height:263px; width:545px" title="" />
Prudential Financial, Inc. price-eps-surprise | Prudential Financial, Inc. Quote
Zacks Rank: PRU carries a Zacks Rank #3 at present.
</div>
<h3>Other Stocks to Consider</h3>
Some other insurance stocks with the right combination of elements to deliver an earnings beat this time around are:
Kemper Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmpr#NYSE">KMPR</a>) has an Earnings ESP of +14.77% and sports a Zacks Rank #1 at present. The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at $1.27, indicating a year-over-year increase of 25.7%.
KMPR&#39;s earnings beat estimates in two of the last four reported quarters and missed in one and matched in one.
Oscar Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oscr#NYSE">OSCR</a>) has an Earnings ESP of +3.23% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at 16 cents, indicating a year-over-year increase of 328.5%.
OSCR&#39;s earnings beat estimates in each of the last four reported quarters.
Fidelity National Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnf#NYSE">FNF</a>) has an Earnings ESP of +1.61% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at $1.27, indicating a year-over-year increase of 25.7%.
FNF&#39;s earnings beat estimates in one of the last four reported quarters and missed in the other three.
<a href="https://www.zacks.com/stock/news/2311090/will-prudential-pru-pull-off-a-surprise-in-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2311090">To read this article on Zacks.com click here.</a>

PRELIMINARY RESULTS
Preliminary results for the second quarter of 2024 include net income between $70-$80 million and adjusted consolidated net operating income1 between $85-$95 million.

Guidance

Kemper Preliminary Results For Q2 2024 Include Net Income Between $70M-$80M And Adjusted Consolidated Net Operating Income Between $85M-$95M

JMP Securities analyst Matthew Carletti maintains Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) with a Market Outperform and raises the price target from $75 to $80.

JMP Securities Maintains Market Outperform on Kemper, Raises Price Target to $80

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
Beyond
<ul>
<li>The Trade: Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) Director Joseph J Tabacco Jr <a href="https://www.benzinga.com/quote/BYON/analyst-ratings">acquired a total of 12,400 shares</a>  an average price of $16.01. To acquire these shares, it cost around $198,524.</li>
<li>What's Happening: On May 6, Beyond posted worse-than-expected first-quarter financial results..</li>
<li>What Beyond Does: Beyond Inc is an online retailer that provides products and services through websites.</li>
</ul>
<h3 class="wp-block-heading">Herbalife</h3>
<ul>
<li>The Trade: Herbalife Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) Director Juan Miguel Mendoza acquired a total of 15,000 shares at &lt;/em&gt;&lt;/a&gt; an average price of $10.55. To acquire these shares, it cost around $158,220.</li>
<li>What's Happening: On May 1, Herbalife reported better-than-expected first-quarter adjusted EPS.</li>
<li>What Herbalife Does: Herbalife Ltd is an international nutrition company that provides health and wellness products to consumers in 95 markets, which consist of countries and territories, through their direct-selling business model.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">MasterCraft Boat</h3>
<ul>
<li>The Trade: MasterCraft Boat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCFT#NASDAQ">MCFT</a>) 10% owner Adam Gray <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 160,330 shares</a> at an average price of $19.66. To acquire these shares, it cost around $3.19 million.</li>
<li>What's Happening: On May 8, MasterCraft Boat reported upbeat third-quarter financial results.</li>
<li>What MasterCraft Boat Does: MasterCraft Boat Holdings Inc designs, manufactures, and markets performance sport boats and outboard boats.</li>
</ul>
<h3 class="wp-block-heading">Kemper</h3>
<ul>
<li>The Trade: Kemper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) Director Gerald Laderman <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 5,000 shares</a> at an average price of $61.01. The insider spent around $305,050 to buy those shares.</li>
<li>What's Happening: On May 1, Kemper posted weaker-than-expected quarterly earnings.</li>
<li>What Kemper Does: Kemper Corp is a diversified insurance company that provides services in property and casualty insurance, along with life and health insurance.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38759538/how-to-earn-500-a-month-from-home-depot-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings</a>

Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) reported quarterly earnings of $1.07 per share which missed the analyst consensus estimate of $1.09 by 1.83 percent. This is a 204.9 percent increase over losses of $(1.02) per share from the same period last year. The company reported quarterly sales of $1.14 billion which beat the analyst consensus estimate of $988.37 million by 15.64 percent. This is a 11.74 percent decrease over sales of $1.29 billion the same period last year.

Earnings Misses

Kemper Q1 Adj $1.07 Misses $1.09 Estimate, Sales $1.14B Beat $988.37M Estimate

Succeeds Joseph P. Lacher, Jr. Who Retains CEO, President and Director Roles
<a href="http://www.kemper.com/">Kemper Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) today announced that its Board of Directors has elected current Director Gerald Laderman to the role of Chairman of the Board, effective immediately. Laderman succeeds Joseph P. Lacher, Jr., who continues as CEO, President and Director. Stuart B. Parker will shift from Lead Director back to Director. Kemper's decision to appoint an independent chairman was previously disclosed in the 2024 Proxy Statement.
"Gerry is a well-respected leader that has helped advance Kemper, and I couldn't be more pleased with this appointment," said Lacher. "His strong background, expertise and leadership acumen will further benefit the company as we move to the next chapter of the Kemper story. I look forward to continuing to work alongside Gerry in his new capacity, and know he will serve Kemper well."
Laderman joined the Kemper board of directors in February 2020, and has served as a member of the Board's Audit and Investment committees. His upcoming retirement will conclude nearly 35 years of experience in the airline industry, including senior leadership roles at United Airlines and Continental Airlines. Laderman has a Bachelor of Arts degree from Dartmouth College and a law degree from the University of Michigan Law School.
"I am honored to have the opportunity to serve as Kemper's Chairman," said Laderman. "The talent and focus of the Board and leadership team is a core strength, and the Board and I have full confidence in the strategy on which Joe and his leadership team are executing. I look forward to continuing the good work to move Kemper forward and deliver shareholder value."

Management

Kemper Director Gerald Laderman Named Chairman; Succeeds Joseph P. Lacher, Jr. Who Retains CEO, President And Director Roles

Reports Q3 revenue $1.18B, conseensus $1.03B. "We achieved another strong quarter of operating and financial results," said Joseph P. Lacher, Jr., ...

Kemper reports Q3 adjusted EPS $1.62, consensus $1.34

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Kemper Corporation (KMPR) Q3 2024 Earnings Call Transcript

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Kemper (KMPR) Gets a Buy from TD Cowen

TD Cowen raised the firm's price target on Kemper (KMPR) to $84 from $72 and keeps a Buy rating on the shares. The firm updated its model following...

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