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

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

A number of other brokerages have also recently weighed in on KMPR. UBS Group boosted their price objective on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Raymond James boosted their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Piper Sandler raised their price target on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, JMP Securities lifted their price objective on Kemper from $80.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.20.

Kemper Price Performance

NYSE KMPR opened at $60.30 on Friday. The firm has a market cap of $3.88 billion, a P/E ratio of -31.74 and a beta of 0.85. The stock’s 50-day moving average is $61.78 and its two-hundred day moving average is $59.85. Kemper has a fifty-two week low of $38.32 and a fifty-two week high of $65.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.22 and a quick ratio of 0.22.

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

Institutional Investors Weigh In On Kemper

A number of institutional investors have recently added to or reduced their stakes in KMPR. Teachers Retirement System of The State of Kentucky lifted its position in Kemper by 5.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 41,948 shares of the insurance provider’s stock worth $2,489,000 after purchasing an additional 2,034 shares during the period. Quarry LP raised its stake in shares of Kemper by 105.1% in the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after buying an additional 329 shares in the last quarter. Algert Global LLC acquired a new position in shares of Kemper in the 2nd quarter valued at $384,000. Lighthouse Investment Partners LLC lifted its holdings in shares of Kemper by 815.0% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock worth $17,889,000 after acquiring an additional 268,569 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in shares of Kemper during the 2nd quarter valued at about $592,000. 86.23% of the stock is owned by institutional investors and hedge funds.

About Kemper

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.