Kemper (KMPR) Hits 52-Week High: Will The Stock Rally Ahead?
Zacks Investment Research | May 16, 2018 11:30PM ET
Shares of Kemper Corporation (NYSE:KMPR) hit a new 52-week high of $75 on May 16, gaining traction from a strong first-quarter 2018 earnings release. About 0.4 million shares exchanged hands in the last trading session and the stock finally closed at $74.75, inching up 1.7%. The company’s return on equity has been an impressive 9.1% when compared with the industry average of 4.8%.
Solid Q1 Results
Kemper’s bottom line of $1.10 outpaced the Zacks Consensus Estimate by 59.4% and rebounded from the year-ago loss of 8 cents.
Earned premiums increased 8% on the strength of policies-in-force growth and higher premiums earned in non-standard auto business.
Underlying combined ratio improved 470 bps on higher rates, lower claims and prudent underwriting actions.
Shares of the company have rallied 11.1% since it posted strong first-quarter results, outperforming the Original post
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