Kemper (NYSE:KMPR) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Kemper (NYSE:KMPR) from a hold rating to a buy rating in a report released on Monday morning.

Several other equities research analysts have also commented on the company. JMP Securities reiterated a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Raymond James lifted their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 8th. UBS Group raised their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Piper Sandler upped their price objective on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.20.

Kemper Trading Down 0.7 %

Shares of Kemper stock opened at $65.75 on Monday. Kemper has a 1 year low of $38.52 and a 1 year high of $67.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market cap of $4.21 billion, a PE ratio of 15.65 and a beta of 0.85. The firm has a fifty day moving average price of $61.81 and a 200 day moving average price of $60.83.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) EPS. Equities research analysts predict that Kemper will post 5.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Inspire Investing LLC boosted its stake in Kemper by 3.1% during the 2nd quarter. Inspire Investing LLC now owns 5,943 shares of the insurance provider’s stock worth $353,000 after purchasing an additional 177 shares during the period. GAMMA Investing LLC increased its position in Kemper by 114.7% in the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 289 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Kemper by 3.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,076 shares of the insurance provider’s stock valued at $598,000 after acquiring an additional 311 shares during the last quarter. Quarry LP lifted its position in Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 329 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Kemper by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 18,010 shares of the insurance provider’s stock valued at $1,069,000 after purchasing an additional 397 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

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.