Kemper Corporation (KMPR) Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a sell rating in a research note issued to investors on Tuesday.
According to Zacks, “Kemper Corporation is a financial services provider. It specializes in property and casualty insurance, life and health insurance products for individuals, families, and small businesses. Kemper Corporation is based in Chicago, Illinois. “
Several other research analysts have also weighed in on KMPR. BidaskClub lowered Kemper Corporation from a hold rating to a sell rating in a research report on Friday, June 23rd. TheStreet upgraded Kemper Corporation from a c rating to a b rating in a report on Tuesday, August 1st. UBS AG upgraded Kemper Corporation from a market perform rating to a strong-buy rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. upgraded Kemper Corporation from a market perform rating to a strong-buy rating and set a $55.00 price target for the company in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $55.50.
Shares of Kemper Corporation (KMPR) opened at 57.90 on Tuesday. Kemper Corporation has a 1-year low of $35.30 and a 1-year high of $58.90. The firm has a market cap of $2.97 billion, a PE ratio of 58.37 and a beta of 1.11. The firm’s 50-day moving average price is $51.27 and its 200 day moving average price is $43.29.
Kemper Corporation (NYSE:KMPR) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.23. The business had revenue of $684.40 million for the quarter, compared to analyst estimates of $641.20 million. Kemper Corporation had a return on equity of 1.26% and a net margin of 1.95%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. On average, equities research analysts forecast that Kemper Corporation will post $1.33 EPS for the current fiscal year.
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In related news, Director Susan D. Whiting purchased 1,000 shares of Kemper Corporation stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $49.06 per share, with a total value of $49,060.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $49,060. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.92% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Archford Capital Strategies LLC lifted its position in shares of Kemper Corporation by 128,454.5% during the second quarter. Archford Capital Strategies LLC now owns 14,141 shares of the insurance provider’s stock worth $547,000 after purchasing an additional 14,130 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in Kemper Corporation by 217.9% in the second quarter. Westwood Holdings Group Inc. now owns 828,927 shares of the insurance provider’s stock worth $32,190,000 after acquiring an additional 568,157 shares during the last quarter. Susquehanna International Group LLP bought a new position in Kemper Corporation in the second quarter worth about $439,000. The Manufacturers Life Insurance Company lifted its holdings in Kemper Corporation by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 101,513 shares of the insurance provider’s stock worth $3,918,000 after acquiring an additional 1,460 shares during the last quarter. Finally, State Street Corp lifted its holdings in Kemper Corporation by 3.5% in the second quarter. State Street Corp now owns 1,448,146 shares of the insurance provider’s stock worth $55,897,000 after acquiring an additional 49,571 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.
About Kemper Corporation
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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