Kemper (NYSE:KMPR) Upgraded by StockNews.com to “Buy”

Kemper (NYSE:KMPR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

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

Kemper Price Performance

KMPR opened at $62.51 on Friday. The business’s fifty day simple moving average is $61.41 and its 200-day simple moving average is $59.73. Kemper has a 12-month low of $38.32 and a 12-month high of $65.93. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -32.90 and a beta of 0.89. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.23. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) earnings per share. On average, equities research analysts anticipate that Kemper will post 5.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kemper

A number of hedge funds have recently made changes to their positions in KMPR. YHB Investment Advisors Inc. acquired a new position in Kemper during the first quarter valued at approximately $25,000. CWM LLC boosted its stake in shares of Kemper by 257.8% during the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after buying an additional 348 shares during the last quarter. LRI Investments LLC acquired a new position in Kemper during the 1st quarter worth $36,000. Quarry LP increased its holdings in shares of Kemper by 105.1% in the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 329 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Kemper during the fourth quarter worth $66,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Company Profile

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.