Kemper (KMPR) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Kemper (NYSE:KMPR) from a hold rating to a strong-buy rating in a research report released on Thursday. They currently have $80.00 target price on the insurance provider’s stock.

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 reports. BidaskClub upgraded shares of Kemper from a hold rating to a buy rating in a report on Wednesday, September 20th. ValuEngine lowered shares of Kemper from a buy rating to a hold rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a strong buy rating to the stock. Kemper presently has a consensus rating of Buy and a consensus price target of $67.50.

Shares of Kemper (NYSE:KMPR) traded up $0.40 on Thursday, reaching $69.20. 133,075 shares of the company traded hands, compared to its average volume of 113,551. The stock has a market cap of $3,539.85, a price-to-earnings ratio of 31.17 and a beta of 1.19. Kemper has a 12-month low of $36.35 and a 12-month high of $71.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.17 and a current ratio of 0.17.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.57. The firm had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. Kemper had a net margin of 4.32% and a return on equity of 4.47%. Kemper’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.40) EPS. research analysts anticipate that Kemper will post 1.51 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Cutler Group LP purchased a new stake in Kemper during the fourth quarter worth about $111,000. California Public Employees Retirement System increased its stake in Kemper by 3.7% during the third quarter. California Public Employees Retirement System now owns 139,541 shares of the insurance provider’s stock worth $7,396,000 after purchasing an additional 4,941 shares during the period. Invictus RG purchased a new stake in Kemper during the third quarter worth about $207,000. Schwab Charles Investment Management Inc. increased its stake in Kemper by 3.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 355,741 shares of the insurance provider’s stock worth $18,855,000 after purchasing an additional 11,669 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Kemper by 47.0% during the third quarter. Wells Fargo & Company MN now owns 61,953 shares of the insurance provider’s stock worth $3,283,000 after purchasing an additional 19,797 shares during the period. Institutional investors own 57.72% of the company’s stock.

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About Kemper

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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