Kemper (NYSE:KMPR) Stock Rating Lowered by StockNews.com

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

Other equities analysts have also recently issued reports about the company. JMP Securities reiterated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. TD Cowen lifted their price objective on shares of Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $80.40.

Kemper Price Performance

Shares of NYSE KMPR opened at $65.18 on Thursday. The firm has a market capitalization of $4.17 billion, a P/E ratio of 15.52 and a beta of 0.88. The firm’s 50-day moving average price is $67.36 and its 200-day moving average price is $63.21. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper has a 1-year low of $48.15 and a 1-year high of $73.01.

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

Hedge Funds Weigh In On Kemper

A number of hedge funds have recently bought and sold shares of KMPR. GAMMA Investing LLC lifted its position in shares of Kemper by 114.7% during the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after buying an additional 559 shares during the last quarter. Quarry LP lifted its position 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 buying an additional 329 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Kemper in the 3rd quarter worth approximately $46,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Kemper in the third quarter valued at approximately $82,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

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.