Kemper (NYSE:KMPR) Upgraded at Zacks Investment Research

Kemper (NYSE:KMPR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

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 brokerages have also weighed in on KMPR. ValuEngine lowered shares of Kemper from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. William Blair lowered shares of Kemper from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. Finally, UBS Group started coverage on shares of Kemper in a research note on Monday, September 9th. They set a “buy” rating and a $87.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $86.25.

Shares of KMPR stock opened at $73.38 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $4.97 billion, a PE ratio of 16.79 and a beta of 1.24. The company has a 50-day moving average of $75.46 and a two-hundred day moving average of $81.89. Kemper has a 1-year low of $61.57 and a 1-year high of $91.97.

Kemper (NYSE:KMPR) last announced its earnings results on Monday, August 5th. The insurance provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.02. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. Kemper had a net margin of 7.83% and a return on equity of 10.84%. Kemper’s revenue was up 71.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. Sell-side analysts anticipate that Kemper will post 5.65 EPS for the current fiscal year.

In other Kemper news, EVP Kimberly A. Holmes acquired 2,600 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $75.35 per share, with a total value of $195,910.00. Following the completion of the purchase, the executive vice president now owns 2,600 shares in the company, valued at approximately $195,910. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Joseph Joyce acquired 500 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of $69.75 per share, with a total value of $34,875.00. Following the purchase, the director now owns 12,196 shares of the company’s stock, valued at approximately $850,671. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of KMPR. Municipal Employees Retirement System of Michigan raised its holdings in Kemper by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,250 shares of the insurance provider’s stock valued at $971,000 after acquiring an additional 150 shares in the last quarter. Strs Ohio raised its holdings in Kemper by 4.0% in the third quarter. Strs Ohio now owns 3,947 shares of the insurance provider’s stock valued at $307,000 after acquiring an additional 151 shares in the last quarter. Securian Asset Management Inc raised its holdings in Kemper by 2.1% in the second quarter. Securian Asset Management Inc now owns 7,506 shares of the insurance provider’s stock valued at $648,000 after acquiring an additional 154 shares in the last quarter. Skyline Asset Management LP raised its holdings in Kemper by 0.3% in the third quarter. Skyline Asset Management LP now owns 65,230 shares of the insurance provider’s stock valued at $5,085,000 after acquiring an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kemper by 6.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,466 shares of the insurance provider’s stock valued at $270,000 after acquiring an additional 216 shares in the last quarter. 68.47% of the stock is owned by institutional investors and hedge funds.

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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.

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