Kemper (KMPR) Upgraded to Hold by Zacks Investment Research

Kemper (NYSE:KMPR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Kemper Corporation is a financial services provider. It specializes in property and casualty insurance, life and health insurance products for individuals, families, and small businesses. Kemper Corporation is based in Chicago, Illinois. “

KMPR has been the topic of a number of other research reports. ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Sandler O’Neill raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods started coverage on shares of Kemper in a research note on Thursday, November 1st. They set a “market perform” rating and a $80.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $84.00.

Shares of Kemper stock opened at $77.41 on Wednesday. Kemper has a fifty-two week low of $50.85 and a fifty-two week high of $87.00. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 19.98 and a beta of 1.11.

Kemper (NYSE:KMPR) last issued its earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.39. Kemper had a net margin of 6.63% and a return on equity of 9.56%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 73.2% on a year-over-year basis. Equities analysts anticipate that Kemper will post 4.31 EPS for the current fiscal year.

In other Kemper news, Director George N. Cochran purchased 500 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was purchased at an average price of $83.55 per share, with a total value of $41,775.00. Following the completion of the purchase, the director now owns 9,428 shares of the company’s stock, valued at $787,709.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Carl Thomas Jr. Evans sold 2,000 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $78.70, for a total transaction of $157,400.00. Following the transaction, the vice president now directly owns 965 shares of the company’s stock, valued at approximately $75,945.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Kemper by 12.0% during the second quarter. Amalgamated Bank now owns 6,407 shares of the insurance provider’s stock valued at $485,000 after acquiring an additional 685 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Kemper by 5.2% during the second quarter. Bank of Montreal Can now owns 14,418 shares of the insurance provider’s stock valued at $1,090,000 after acquiring an additional 715 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Kemper by 3.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 25,438 shares of the insurance provider’s stock worth $2,046,000 after buying an additional 732 shares during the last quarter. Vident Investment Advisory LLC raised its stake in Kemper by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 51,420 shares of the insurance provider’s stock worth $3,890,000 after buying an additional 771 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Kemper by 20.5% during the third quarter. Janney Montgomery Scott LLC now owns 5,053 shares of the insurance provider’s stock worth $407,000 after buying an additional 860 shares during the last quarter. 50.57% of the stock is owned by hedge funds and other institutional investors.

About Kemper

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.

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