Kemper (KMPR) Upgraded to “Outperform” at JMP Securities

JMP Securities upgraded shares of Kemper (NYSE:KMPR) from a market perform rating to an outperform rating in a research note released on Tuesday, MarketBeat Ratings reports.

A number of other brokerages also recently issued reports on KMPR. Zacks Investment Research upgraded shares of Kemper from a sell rating to a hold rating in a research note on Wednesday, November 7th. Keefe, Bruyette & Woods began coverage on shares of Kemper in a research note on Thursday, November 1st. They issued a market perform rating and a $80.00 price target for the company. Finally, Sandler O’Neill upgraded shares of Kemper from a hold rating to a buy rating in a research report on Tuesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $78.00.

Shares of Kemper stock opened at $71.06 on Tuesday. Kemper has a 52-week low of $50.85 and a 52-week high of $87.00. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.57 billion, a P/E ratio of 43.33 and a beta of 1.16.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 73.2% on a year-over-year basis. On average, equities research analysts anticipate that Kemper will post 4.33 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Kemper by 31.9% during the 3rd quarter. BlackRock Inc. now owns 6,324,076 shares of the insurance provider’s stock worth $508,773,000 after buying an additional 1,528,614 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Kemper by 31.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,185,592 shares of the insurance provider’s stock worth $417,181,000 after buying an additional 1,236,313 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Kemper by 31.3% during the 3rd quarter. Vanguard Group Inc now owns 5,185,592 shares of the insurance provider’s stock worth $417,181,000 after buying an additional 1,236,313 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kemper by 22.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,793,887 shares of the insurance provider’s stock worth $385,666,000 after buying an additional 884,862 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Kemper by 89.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,700,173 shares of the insurance provider’s stock worth $136,779,000 after buying an additional 804,522 shares during the last quarter. Institutional investors and hedge funds own 65.35% of the company’s stock.

Kemper Company Profile

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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