Kemper (KMPR) Given New $82.00 Price Target at JMP Securities

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Kemper (NYSE:KMPR) had its target price hoisted by research analysts at JMP Securities from $78.00 to $82.00 in a research note issued to investors on Tuesday. The brokerage currently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ target price suggests a potential upside of 4.25% from the company’s previous close.

KMPR has been the topic of several other reports. Sandler O’Neill upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Zacks Investment Research upgraded Kemper from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, February 5th. Finally, Keefe, Bruyette & Woods started coverage on Kemper in a research note on Thursday, November 1st. They issued a “market perform” rating and a $80.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Kemper has an average rating of “Buy” and an average target price of $82.33.

NYSE:KMPR traded up $0.89 during trading hours on Tuesday, reaching $78.66. 8,421 shares of the stock were exchanged, compared to its average volume of 226,168. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.37. Kemper has a twelve month low of $50.85 and a twelve month high of $87.00. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 48.14 and a beta of 1.15.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Monday, February 11th. The insurance provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Kemper had a return on equity of 9.56% and a net margin of 6.63%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue was up 67.8% compared to the same quarter last year. On average, sell-side analysts expect that Kemper will post 4.28 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kemper by 7.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,775 shares of the insurance provider’s stock valued at $251,000 after acquiring an additional 278 shares in the last quarter. Enlightenment Research LLC acquired a new stake in shares of Kemper in the fourth quarter valued at $27,000. Arizona State Retirement System increased its holdings in Kemper by 1.1% in the fourth quarter. Arizona State Retirement System now owns 43,683 shares of the insurance provider’s stock valued at $2,900,000 after buying an additional 470 shares during the last quarter. First Mercantile Trust Co. increased its holdings in Kemper by 16.8% in the fourth quarter. First Mercantile Trust Co. now owns 3,614 shares of the insurance provider’s stock valued at $240,000 after buying an additional 520 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Kemper by 2.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 26,029 shares of the insurance provider’s stock valued at $1,728,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 68.00% of the company’s stock.

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.

See Also: Federal Reserve

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