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

Kemper (NYSE:KMPR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other brokerages have also recently weighed in on KMPR. Raymond James upped their price target on shares of Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 26th. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. Finally, TD Cowen upped their price objective on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Five investment 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 company presently has a consensus rating of “Buy” and an average target price of $80.40.

Kemper Trading Down 0.8 %

Kemper stock traded down $0.51 during midday trading on Tuesday, reaching $64.61. The stock had a trading volume of 228,993 shares, compared to its average volume of 346,448. Kemper has a 52-week low of $48.44 and a 52-week high of $73.01. The company has a fifty day moving average of $67.70 and a 200 day moving average of $63.64. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 15.38 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.28. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. On average, analysts anticipate that Kemper will post 5.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Kemper by 32.2% in the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock valued at $48,000 after buying an additional 174 shares during the last quarter. Inspire Investing LLC raised its holdings in Kemper by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 5,943 shares of the insurance provider’s stock valued at $353,000 after acquiring an additional 177 shares during the last quarter. Atom Investors LP lifted its stake in Kemper by 1.1% in the 3rd quarter. Atom Investors LP now owns 19,240 shares of the insurance provider’s stock worth $1,178,000 after purchasing an additional 208 shares in the last quarter. Quarry LP boosted its holdings in shares of Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 329 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Kemper by 2.3% in the second 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 in the last quarter. 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.