Kemper Corporation (KMPR) Upgraded to Strong-Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a strong-buy rating in a research report report published on Tuesday. The brokerage currently has $56.00 price objective 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 research reports. Raymond James Financial, Inc. upgraded shares of Kemper Corporation from a market perform rating to a strong-buy rating and set a $55.00 price target on the stock in a report on Thursday, August 3rd. BidaskClub upgraded shares of Kemper Corporation from a hold rating to a buy rating in a report on Saturday, August 5th. TheStreet cut shares of Kemper Corporation from a b- rating to a c rating in a report on Thursday, May 4th. Finally, UBS AG upgraded shares of Kemper Corporation from a market perform rating to a strong-buy rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $55.50.
Kemper Corporation (KMPR) opened at 49.60 on Tuesday. Kemper Corporation has a 52 week low of $35.30 and a 52 week high of $49.85. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 50.00 and a beta of 1.11. The company’s 50-day moving average is $41.29 and its 200 day moving average is $40.66.
Kemper Corporation (NYSE:KMPR) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.23. The business had revenue of $684.40 million for the quarter, compared to analysts’ expectations of $641.20 million. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. On average, analysts forecast that Kemper Corporation will post $1.70 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, August 10th. Kemper Corporation’s dividend payout ratio (DPR) is presently 97.96%.
Several hedge funds have recently made changes to their positions in KMPR. Fiduciary Trust Co. acquired a new stake in shares of Kemper Corporation during the second quarter worth approximately $122,000. LS Investment Advisors LLC boosted its stake in shares of Kemper Corporation by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock worth $146,000 after buying an additional 580 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Kemper Corporation by 78.8% in the second quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after buying an additional 2,128 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Kemper Corporation by 75.3% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after buying an additional 2,074 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Kemper Corporation during the first quarter worth approximately $205,000. Hedge funds and other institutional investors own 55.00% of the company’s stock.
Kemper Corporation Company Profile
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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