Kemper (NYSE:KMPR) Rating Lowered to Hold at StockNews.com

Kemper (NYSE:KMPR) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

KMPR has been the topic of a number of other reports. Raymond James raised their target price on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 8th. UBS Group lifted their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Piper Sandler upped their target price on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, JMP Securities lifted their price target on Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $76.20.

Kemper Trading Down 0.7 %

Shares of NYSE KMPR opened at $60.30 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $61.78 and its two-hundred day moving average price is $59.85. Kemper has a 52-week low of $38.32 and a 52-week high of $65.93. The stock has a market capitalization of $3.88 billion, a P/E ratio of -31.74 and a beta of 0.85.

Kemper (NYSE:KMPR) last released its earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.23. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, analysts anticipate that Kemper will post 5.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kemper

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMPR. Inspire Investing LLC boosted its position in Kemper by 3.1% during the second quarter. Inspire Investing LLC now owns 5,943 shares of the insurance provider’s stock valued at $353,000 after purchasing an additional 177 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Kemper by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 71,848 shares of the insurance provider’s stock valued at $4,449,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank grew its stake in shares of Kemper by 0.6% in the 4th quarter. Amalgamated Bank now owns 37,881 shares of the insurance provider’s stock valued at $1,844,000 after buying an additional 235 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Kemper by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,692 shares of the insurance provider’s stock valued at $1,299,000 after buying an additional 260 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Kemper by 3.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,076 shares of the insurance provider’s stock worth $598,000 after buying an additional 311 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.