Kemper Corporation (NYSE:KMPR) Downgraded by Zacks Investment Research to Strong Sell

Zacks Investment Research lowered shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a strong sell rating in a research note published on Friday.

According to Zacks, “Kemper Corporation is a financial services provider. It specializes in property and casualty insurance, life and health insurance products for individuals, families, and small businesses. Kemper Corporation is based in Chicago, Illinois. “

KMPR has been the topic of several other research reports. TheStreet lowered Kemper Corporation from a b- rating to a c rating in a report on Thursday, May 4th. BidaskClub raised Kemper Corporation from a sell rating to a hold rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Kemper Corporation has a consensus rating of Hold and a consensus price target of $50.00.

Shares of Kemper Corporation (NYSE KMPR) traded up 1.08% on Friday, reaching $37.45. The company’s stock had a trading volume of 331,718 shares. Kemper Corporation has a 1-year low of $33.66 and a 1-year high of $45.95. The stock has a market capitalization of $1.92 billion, a P/E ratio of 104.03 and a beta of 1.11. The company has a 50 day moving average of $38.91 and a 200 day moving average of $41.35.

Kemper Corporation (NYSE:KMPR) last posted its earnings results on Thursday, May 4th. The insurance provider reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.11. The company had revenue of $651.40 million for the quarter, compared to analyst estimates of $652.25 million. Kemper Corporation had a return on equity of 0.44% and a net margin of 0.73%. Kemper Corporation’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Equities research analysts expect that Kemper Corporation will post $1.38 earnings per share for the current fiscal year.

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In related news, insider Mark A. Green acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average price of $37.72 per share, with a total value of $37,720.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its position in Kemper Corporation by 5.2% in the fourth quarter. Comerica Bank now owns 35,401 shares of the insurance provider’s stock valued at $1,574,000 after buying an additional 1,753 shares during the period. Federated Investors Inc. PA increased its position in Kemper Corporation by 3.3% in the fourth quarter. Federated Investors Inc. PA now owns 27,275 shares of the insurance provider’s stock valued at $1,208,000 after buying an additional 859 shares during the period. Two Sigma Investments LP acquired a new position in Kemper Corporation during the fourth quarter valued at $297,000. Guggenheim Capital LLC increased its position in Kemper Corporation by 71.7% in the fourth quarter. Guggenheim Capital LLC now owns 83,622 shares of the insurance provider’s stock valued at $3,705,000 after buying an additional 34,927 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Kemper Corporation by 11.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,410 shares of the insurance provider’s stock valued at $373,000 after buying an additional 870 shares during the period. Hedge funds and other institutional investors own 55.10% of the company’s stock.

About Kemper Corporation

Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.

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