Kemper (NYSE:KMPR) Raised to “Hold” at Wall Street Zen

Kemper (NYSE:KMPR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the company. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. UBS Group decreased their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th. Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, TD Cowen dropped their target price on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $43.25.

Kemper Stock Performance

KMPR opened at $25.31 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of -3.01 and a beta of 1.04. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $27.62 and a 200-day simple moving average of $28.57. Kemper has a fifty-two week low of $22.69 and a fifty-two week high of $52.12.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. As a group, equities analysts predict that Kemper will post 2.02 EPS for the current fiscal year.

Insider Activity

In other Kemper news, CFO Bradley Camden acquired 1,000 shares of Kemper stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $26.34 per share, with a total value of $26,340.00. Following the purchase, the chief financial officer owned 51,259 shares in the company, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jason Gorevic acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $25.91 per share, with a total value of $129,550.00. Following the completion of the transaction, the director directly owned 31,802 shares in the company, valued at approximately $823,989.82. This trade represents a 18.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 14,000 shares of company stock valued at $367,880 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Kemper

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Kemper by 125.8% during the 1st quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock valued at $8,693,000 after acquiring an additional 158,488 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Kemper by 28.4% during the second quarter. Wellington Management Group LLP now owns 536,164 shares of the insurance provider’s stock worth $14,455,000 after acquiring an additional 118,683 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Kemper by 1,888.9% during the first quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider’s stock worth $6,577,000 after acquiring an additional 203,417 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Kemper during the first quarter worth $1,622,000. Finally, BlackRock Inc. acquired a new stake in Kemper during the second quarter valued at $227,331,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

About Kemper

Kemper Corporation is an insurance holding company headquartered in Chicago, Illinois. Through its operating subsidiaries, the company provides property and casualty insurance and life and health insurance products to individuals, families and businesses across the United States.

Kemper’s property and casualty operations focus on personal automobile insurance, including coverage for drivers who may have difficulty obtaining insurance through standard carriers. The company also offers home, renters and other personal insurance products, as well as specialty insurance solutions distributed through independent agents and other channels.

Through Kemper Life, the company provides life insurance products designed primarily for individuals and families, including coverage intended to help with final expenses and other financial needs.