Stock fact sheet · data as of
Kemper Corporation (KMPR): fair value, margin of safety and Wheel Score
Ticker symbol KMPR · Financial Services · Insurance - Property & Casualty · United States · Speculative
Is KMPR undervalued?
KMPR has a margin of safety of 60%: the stock closed at 35.76 on 5 Nov 2026 against a GLS average fair value of 89.68. 1 of the 2 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
Only 2 of the nine models produced a value (10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files KMPR under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for KMPR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 160.52 | +349% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 18.83 | -47% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -147.98 | -514% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 35.50 | -1% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: KMPR passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 3.8 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 3.9%, ROE 5.3%, ROA 1.1% - with debt at 0.37 times equity and a free-cash-flow yield of 22.5%.
The dividend yield is 3.58% at a payout ratio of -19%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Specialty Property & Casualty Insurance 87%, Life and Health Insurance 13% (quarter Q3 FY2024).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 3.9% |
|---|---|---|---|
| GLS Moat | 3.8 / 10 | ROE | 5.3% |
| Debt / equity | 0.37 | ROA | 1.1% |
| Free-cash-flow yield | 22.5% | Payout ratio | -19% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: Weak
KMPR scores 39 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (232 open interest, 92 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 6, no serious red flags - Red Flags score 50 (under 60), and the parts are thin too - value strong, premium strong, moat fair, health fair, red flags weak, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 60% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 232 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 864k shares a day on a market cap of $2.1B, with a beta of 1.05; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (232 open interest, 92 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Fails | Red Flags score 50 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 60% below fair value | |
| Premium | Strong | implied volatility 60% | |
| Moat | Fair | moat 3.8/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Weak | Red Flags score 50/100 | |
| Option trading | Weak | 92 contracts a day, 232 open interest | |
| Stability | Fair | beta 1.05, $2.1B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Kemper Corporation reports earnings on 9 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to Kemper Corporation by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| HMN Horace Mann Educators Corporation | 50.20 | 153.58 | +67% | 45Weak | $2.0B |
| KMPB Kemper Corporation 5.875% Fixed | 25.00 | 90.52 | +72% | 24No options | $2.0B |
| PRCH Porch Group, Inc. | 21.56 | 10.05 | -115% | 29Weak | $2.5B |
| HCI HCI Group, Inc. | 201.56 | 614.96 | +67% | 83Good | $2.5B |
| AFGD American Financial Group, Inc. | 20.74 | 125.79 | +84% | 35No options | $1.7B |
| AFSIA AmTrust Financial Services, Inc. | 13.10 | 1,681,551.45 | +100% | 33No options | $2.6B |
| AFGB American Financial Group, Inc. | 20.41 | 125.47 | +84% | 35No options | $1.7B |
| SKWD Skyward Specialty Insurance Group, Inc. | 62.22 | 171.03 | +64% | 46Weak | $2.8B |
| AFSIB AmTrust Financial Services, Inc. | 14.25 | 1,681,551.45 | +100% | 32No options | $2.8B |
| SAFT Safety Insurance Group, Inc. | 104.35 | 201.26 | +48% | 41Weak | $1.5B |
| AFSIN AmTrust Financial Services, Inc. | 12.90 | 1,681,550.85 | +100% | 32No options | $2.9B |
| AFSIP AmTrust Financial Services, Inc. | 14.05 | 1,681,551.15 | +100% | 32No options | $3.0B |
⚖ Compare KMPR with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about KMPR
Is KMPR undervalued right now?
By the GLS models, yes: at 35.76 the stock is 60% below the average fair value of 89.68 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of KMPR and what does it mean?
KMPR scores 39 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 6. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for KMPR?
89.68 per share as of 5 Nov 2026 - the simple average of the 2 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Kemper Corporation report earnings next?
The next earnings report is due on 9 Nov 2026 (after the close), 4 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does KMPR have listed options, and how liquid are they?
Yes. The nightly snapshot found 32 listed contracts with 232 open interest across all expiries and implied volatility of 60% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.