Kemper Corporation (KMPR) Upgraded by BidaskClub to Strong-Buy
BidaskClub upgraded shares of Kemper Corporation (NYSE:KMPR) from a buy rating to a strong-buy rating in a research note released on Thursday morning.
Other equities research analysts have also issued reports about the stock. TheStreet upgraded shares of Kemper Corporation from a c rating to a b rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Kemper Corporation from a sell rating to a hold rating in a report on Tuesday, August 8th. Raymond James Financial, Inc. upgraded shares of Kemper Corporation from a market perform rating to a strong-buy rating and set a $55.00 price objective on the stock in a report on Thursday, August 3rd. Finally, UBS AG upgraded shares of Kemper Corporation from a market perform rating to a strong-buy rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have given a strong buy rating to the company. The company presently has a consensus rating of Strong Buy and a consensus target price of $55.50.
Shares of Kemper Corporation (KMPR) traded up 1.67% during trading on Thursday, hitting $54.85. The stock had a trading volume of 196,077 shares. The stock has a market cap of $2.81 billion, a P/E ratio of 55.29 and a beta of 1.11. Kemper Corporation has a one year low of $35.30 and a one year high of $55.15. The stock’s 50 day moving average price is $50.07 and its 200-day moving average price is $42.54.
Kemper Corporation (NYSE:KMPR) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.23. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The business had revenue of $684.40 million for the quarter, compared to analyst estimates of $641.20 million. During the same period last year, the business earned $0.08 EPS. The company’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Kemper Corporation will post $1.16 earnings per share for the current fiscal year.
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In related news, Director Susan D. Whiting purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $49.06 per share, for a total transaction of $49,060.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $49,060. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Kemper Corporation by 15,823.5% during the 1st quarter. BlackRock Inc. now owns 4,643,923 shares of the insurance provider’s stock worth $185,293,000 after acquiring an additional 4,614,759 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Kemper Corporation during the 1st quarter worth $239,000. Meeder Asset Management Inc. raised its stake in Kemper Corporation by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 17,405 shares of the insurance provider’s stock worth $672,000 after acquiring an additional 99 shares in the last quarter. Prudential Financial Inc. raised its stake in Kemper Corporation by 5.8% during the 1st quarter. Prudential Financial Inc. now owns 31,785 shares of the insurance provider’s stock worth $1,268,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Kemper Corporation by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 3,459,695 shares of the insurance provider’s stock worth $138,041,000 after acquiring an additional 185,850 shares in the last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.
Kemper Corporation Company Profile
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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