Kemper Corporation (NYSE:KMPR) Stock Has Consensus Price Target of $37.67

Kemper Corporation (NYSE:KMPR) has earned an average rating of “Reduce” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $37.67.

KMPR has been the topic of several analyst reports. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Friday, October 30th. TD Cowen decreased their target price on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. UBS Group dropped their price target on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings cut shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th.

Kemper Stock Performance

Kemper stock opened at $35.83 on Friday. The firm’s fifty day moving average price is $28.11 and its 200-day moving average price is $29.69. Kemper has a fifty-two week low of $22.69 and a fifty-two week high of $44.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $2.11 billion, a P/E ratio of -4.27 and a beta of 1.06.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The firm 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 company’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.30 EPS. On average, equities research analysts expect that Kemper will post 2.10 earnings per share for the current fiscal year.

Insider Activity at Kemper

In related news, CFO Bradley Camden purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the completion of the acquisition, the chief financial officer directly owned 51,259 shares in the company, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Evans bought 1,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $26.53 per share, for a total transaction of $26,530.00. Following the purchase, the executive vice president directly owned 91,629 shares in the company, valued at approximately $2,430,917.37. This represents a 1.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 14,000 shares of company stock valued at $367,880 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Kemper during the 2nd quarter valued at about $227,331,000. Walleye Capital LLC bought a new stake in shares of Kemper during the 2nd quarter valued at about $21,709,000. Bank of America Corp DE bought a new position in Kemper in the 2nd quarter worth $20,800,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Kemper by 5.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 672,685 shares of the insurance provider’s stock valued at $20,557,000 after buying an additional 32,753 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Kemper by 28.4% in the second quarter. Wellington Management Group LLP now owns 536,164 shares of the insurance provider’s stock worth $14,455,000 after purchasing an additional 118,683 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Kemper

Kemper Corporation (NYSE: KMPR) is an insurance holding company that provides property and casualty insurance products to individuals, families and businesses in the United States. Its operations focus primarily on personal and commercial automobile insurance, along with related coverage designed for customers in specialty and preferred insurance markets.

The company offers products that may include nonstandard and standard auto insurance, homeowners and renters insurance, and other personal insurance solutions.