Kemper (NYSE:KMPR) Rating Increased to Buy at StockNews.com

Kemper (NYSE:KMPR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

KMPR has been the topic of several other research reports. Piper Sandler lifted their price objective on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. UBS Group lifted their price objective on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JMP Securities raised their target price on Kemper from $80.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 6th. Finally, Raymond James raised their target price on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $76.20.

Kemper Price Performance

Shares of NYSE:KMPR opened at $62.51 on Friday. Kemper has a 1-year low of $38.32 and a 1-year high of $65.93. The firm has a market capitalization of $4.02 billion, a PE ratio of -32.90 and a beta of 0.89. The business’s 50 day moving average is $61.41 and its 200-day moving average is $59.69. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.23. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned ($0.26) EPS. Kemper’s revenue for the quarter was down 10.5% compared to the same quarter last year. Sell-side analysts predict that Kemper will post 5.17 earnings per share for the current year.

Hedge Funds Weigh In On Kemper

Several institutional investors have recently bought and sold shares of KMPR. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Kemper in the 1st quarter valued at $23,384,000. Khrom Capital Management LLC increased its stake in shares of Kemper by 414.0% in the 1st quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock valued at $26,332,000 after buying an additional 342,519 shares during the period. Millennium Management LLC increased its stake in shares of Kemper by 1,336.4% in the 2nd quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after buying an additional 317,212 shares during the period. Norges Bank acquired a new stake in shares of Kemper in the 4th quarter valued at $14,360,000. Finally, Lighthouse Investment Partners LLC increased its stake in shares of Kemper by 815.0% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after buying an additional 268,569 shares during the period. Institutional investors own 86.23% of the company’s stock.

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.