Kemper (KMPR) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Kemper (NYSE:KMPR) from a sell rating to a hold rating in a research report released on Wednesday morning.

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. “

A number of other equities research analysts have also weighed in on KMPR. ValuEngine lowered shares of Kemper from a buy rating to a hold rating in a report on Friday, August 3rd. Sandler O’Neill raised shares of Kemper from a hold rating to a buy rating in a report on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods started coverage on shares of Kemper in a report on Thursday, November 1st. They issued a market perform rating and a $80.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $84.00.

Shares of KMPR traded down $1.28 during trading hours on Wednesday, reaching $76.13. 266,147 shares of the company traded hands, compared to its average volume of 344,238. The firm has a market capitalization of $4.97 billion, a PE ratio of 46.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.27 and a quick ratio of 0.24. Kemper has a 12-month low of $50.85 and a 12-month high of $87.00.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, November 5th. The insurance provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.39. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a net margin of 6.63% and a return on equity of 9.56%. The business’s quarterly revenue was up 73.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, research analysts anticipate that Kemper will post 4.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 19th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, November 16th. Kemper’s payout ratio is 58.54%.

In other Kemper news, Director George N. Cochran purchased 500 shares of the stock in a transaction on Wednesday, September 12th. The shares were bought at an average cost of $83.55 per share, with a total value of $41,775.00. Following the completion of the acquisition, the director now owns 9,428 shares in the company, valued at $787,709.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Carl Thomas Jr. Evans sold 2,000 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $78.70, for a total transaction of $157,400.00. Following the completion of the sale, the vice president now directly owns 965 shares in the company, valued at $75,945.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of KMPR. BlackRock Inc. boosted its stake in shares of Kemper by 31.9% during the 3rd quarter. BlackRock Inc. now owns 6,324,076 shares of the insurance provider’s stock worth $508,773,000 after acquiring an additional 1,528,614 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Kemper by 89.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,700,173 shares of the insurance provider’s stock worth $136,779,000 after acquiring an additional 804,522 shares in the last quarter. Channing Capital Management LLC purchased a new stake in shares of Kemper during the 2nd quarter worth about $51,829,000. United Services Automobile Association boosted its stake in shares of Kemper by 243.0% during the 2nd quarter. United Services Automobile Association now owns 690,463 shares of the insurance provider’s stock worth $14,741,000 after acquiring an additional 489,142 shares in the last quarter. Finally, AXA purchased a new stake in shares of Kemper during the 3rd quarter worth about $17,377,000. 50.57% of the stock is currently owned by institutional investors and hedge funds.

About Kemper

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.

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