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

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

A number of other equities research analysts have also weighed in on KMPR. TD Cowen boosted their price target on shares of Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Raymond James upped their target price on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a report on Thursday, December 26th. Finally, JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $80.40.

Kemper Stock Up 0.1 %

KMPR opened at $64.67 on Tuesday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $67.71 and its 200-day moving average price is $63.64. The company has a market cap of $4.14 billion, a P/E ratio of 15.40 and a beta of 0.88. Kemper has a 12 month low of $49.02 and a 12 month high of $73.01.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.28. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) EPS. On average, equities analysts expect that Kemper will post 5.36 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in Kemper by 565.8% in the third quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider’s stock worth $2,517,000 after acquiring an additional 34,922 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Kemper by 244.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider’s stock worth $1,155,000 after purchasing an additional 13,376 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Kemper by 81.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after purchasing an additional 375,324 shares during the last quarter. Verition Fund Management LLC increased its stake in Kemper by 7.0% during the 3rd quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider’s stock valued at $6,637,000 after purchasing an additional 7,127 shares in the last quarter. Finally, Phocas Financial Corp. raised its holdings in Kemper by 37.4% in the third quarter. Phocas Financial Corp. now owns 168,283 shares of the insurance provider’s stock worth $10,307,000 after buying an additional 45,796 shares during the last quarter. 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.