Zacks Investment Research Upgrades Kemper (KMPR) to Strong-Buy
Kemper (NYSE:KMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm presently has a $79.00 price target on the insurance provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 16.69% from the company’s previous close.
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. “
A number of other research analysts also recently issued reports on KMPR. ValuEngine downgraded shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a hold rating and four have assigned a strong buy rating to the company. Kemper has an average rating of “Buy” and a consensus target price of $67.00.
Kemper (KMPR) opened at $67.70 on Wednesday. Kemper has a 52 week low of $36.35 and a 52 week high of $71.52. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.28. The company has a market cap of $3,539.85, a price-to-earnings ratio of 39.54 and a beta of 1.19.
Kemper (NYSE:KMPR) last posted its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.57. Kemper had a net margin of 4.32% and a return on equity of 4.47%. The firm had revenue of $690.30 million for the quarter, compared to the consensus estimate of $680.90 million. During the same period in the prior year, the firm posted ($0.40) EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. equities research analysts predict that Kemper will post 1.57 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in shares of Kemper by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 144,822 shares of the insurance provider’s stock worth $5,590,000 after buying an additional 9,116 shares during the last quarter. USA Financial Portformulas Corp bought a new stake in Kemper in the 3rd quarter valued at about $549,000. Chicago Equity Partners LLC bought a new stake in Kemper in the 3rd quarter valued at about $2,623,000. Eaton Vance Management bought a new stake in Kemper in the 2nd quarter valued at about $521,000. Finally, Rafferty Asset Management LLC bought a new stake in Kemper in the 2nd quarter valued at about $4,424,000. Institutional investors own 57.74% of the company’s stock.
Kemper 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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