Zacks Investment Research upgraded shares of Kemper Corporation (NYSE:KMPR) from a sell rating to a hold rating in a report issued on Wednesday morning.
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. “
Several other research firms also recently weighed in on KMPR. BidaskClub upgraded Kemper Corporation from a buy rating to a strong-buy rating in a research report on Thursday, October 5th. Raymond James Financial, Inc. upgraded Kemper Corporation from a market perform rating to a strong-buy rating and set a $55.00 target price on the stock in a report on Thursday, August 3rd. UBS Group AG (USA) upgraded Kemper Corporation from a market perform rating to a strong-buy rating in a report on Thursday, August 3rd. Finally, TheStreet upgraded Kemper Corporation from a c rating to a b rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $55.50.
Shares of Kemper Corporation (NYSE KMPR) opened at $64.30 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.28. The firm has a market cap of $3.29 billion, a PE ratio of 36.72 and a beta of 1.18.
Kemper Corporation (NYSE:KMPR) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.57. The company had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. Kemper Corporation had a return on equity of 4.47% and a net margin of 4.32%. Kemper Corporation’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.40) earnings per share. analysts forecast that Kemper Corporation will post 1.57 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, November 10th. Kemper Corporation’s payout ratio is currently 43.24%.
In related news, Director Susan D. Whiting bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of $49.06 per share, for a total transaction of $49,060.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,060. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.92% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fiduciary Trust Co. acquired a new stake in shares of Kemper Corporation in the second quarter worth about $122,000. LS Investment Advisors LLC lifted its position in shares of Kemper Corporation by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock worth $146,000 after buying an additional 580 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Kemper Corporation by 78.8% in the second quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after buying an additional 2,128 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Kemper Corporation by 75.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Kemper Corporation during the 1st quarter worth about $205,000. Hedge funds and other institutional investors own 56.02% of the company’s stock.
About Kemper Corporation
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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