Kemper (NYSE:KMPR) Stock Rating Upgraded by StockNews.com

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

KMPR has been the topic of several other reports. TD Cowen raised their target price on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JMP Securities reiterated a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. Finally, Raymond James upped their price objective on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kemper presently has a consensus rating of “Buy” and a consensus price target of $80.40.

Kemper Price Performance

Shares of NYSE:KMPR opened at $64.67 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 15.40 and a beta of 0.88. The business has a 50-day simple moving average of $67.71 and a two-hundred day simple moving average of $63.64. Kemper has a fifty-two week low of $49.02 and a fifty-two week high of $73.01.

Kemper (NYSE:KMPR) last released its quarterly earnings data 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 firm 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 quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) earnings per share. On average, analysts expect that Kemper will post 5.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMPR. GAMMA Investing LLC lifted its holdings in shares of Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after buying an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Kemper by 5,590.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 559 shares during the last quarter. Quarry LP lifted its position in shares of Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after buying an additional 329 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Kemper during the third quarter valued at approximately $46,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Kemper during the 3rd quarter valued at approximately $82,000. 86.23% of the stock is currently owned by institutional investors.

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.