Kemper (NYSE:KMPR) Stock Rating Upgraded by Zacks Research

Kemper (NYSE:KMPR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on KMPR. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. UBS Group lowered their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Finally, Piper Sandler reduced their price objective on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kemper has an average rating of “Reduce” and an average target price of $43.67.

Kemper Trading Up 2.1%

NYSE:KMPR opened at $26.77 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. Kemper has a 1 year low of $22.69 and a 1 year high of $54.64. The stock has a market cap of $1.58 billion, a P/E ratio of -3.19 and a beta of 1.04. The stock has a 50-day simple moving average of $27.63 and a 200-day simple moving average of $29.74.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The business’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. As a group, analysts anticipate that Kemper will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Kemper

In other Kemper news, Director Jason N. Gorevic bought 5,000 shares of Kemper stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $25.91 per share, for a total transaction of $129,550.00. Following the acquisition, the director owned 31,802 shares of the company’s stock, valued at $823,989.82. The trade was a 18.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bradley T. Camden bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $26.34 per share, with a total value of $26,340.00. Following the transaction, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at approximately $1,350,162.06. This trade represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 14,000 shares of company stock valued at $367,880 in the last ninety days. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Kemper

A number of hedge funds have recently bought and sold shares of KMPR. Principal Financial Group Inc. grew its position in shares of Kemper by 125.8% during the first quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock worth $8,693,000 after buying an additional 158,488 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Kemper by 1,888.9% during the 1st quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider’s stock valued at $6,577,000 after acquiring an additional 203,417 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Kemper during the 1st quarter valued at $1,622,000. Renaissance Technologies LLC increased its position in shares of Kemper by 34.7% in the 1st quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider’s stock worth $11,656,000 after purchasing an additional 98,200 shares during the last quarter. Finally, Walleye Capital LLC increased its position in shares of Kemper by 102.1% in the 1st quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider’s stock worth $9,938,000 after purchasing an additional 164,315 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.