Raymond James Raises Kemper (NYSE:KMPR) Price Target to $82.00

Kemper (NYSE:KMPR) had its price objective raised by investment analysts at Raymond James from $75.00 to $82.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the insurance provider’s stock. Raymond James’ target price indicates a potential upside of 25.81% from the company’s current price.

KMPR has been the subject of a number of other reports. JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. TD Cowen boosted their target price on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, StockNews.com cut shares of Kemper from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $80.40.

Kemper Stock Performance

NYSE:KMPR opened at $65.18 on Thursday. Kemper has a 12-month low of $48.15 and a 12-month high of $73.01. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.17 billion, a PE ratio of 15.52 and a beta of 0.88. The firm has a 50-day moving average price of $67.36 and a 200 day moving average price of $63.21.

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

Hedge Funds Weigh In On Kemper

Hedge funds have recently made changes to their positions in the business. Inspire Investing LLC raised its stake 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 period. Atom Investors LP lifted its holdings in shares of Kemper by 1.1% during the 3rd quarter. Atom Investors LP now owns 19,240 shares of the insurance provider’s stock worth $1,178,000 after acquiring an additional 208 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 289 shares in the last quarter. Quarry LP boosted its stake in Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after buying an additional 329 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Kemper by 2.3% during 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.

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.