Kemper (NYSE:KMPR) Downgraded by Zacks Research to “Strong Sell”

Kemper (NYSE:KMPR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages also recently commented on KMPR. Wall Street Zen downgraded shares of Kemper from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. UBS Group set a $56.00 target price on Kemper in a research report on Monday, February 9th. Citizens Jmp cut Kemper from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 5th. Piper Sandler reduced their price target on Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings upgraded Kemper from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $56.50.

Kemper Stock Up 1.4%

Shares of KMPR opened at $31.21 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $37.59 and a 200 day moving average of $43.74. The company has a market cap of $1.83 billion, a PE ratio of 14.25 and a beta of 1.14. Kemper has a 52-week low of $30.05 and a 52-week high of $69.83.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.60). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.22 billion. Kemper had a net margin of 2.99% and a return on equity of 8.02%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. On average, sell-side analysts expect that Kemper will post 6.03 EPS for the current year.

Institutional Investors Weigh In On Kemper

A number of institutional investors and hedge funds have recently bought and sold shares of KMPR. Hantz Financial Services Inc. grew its position in shares of Kemper by 1,098.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock worth $30,000 after buying an additional 538 shares in the last quarter. Huntington National Bank raised its holdings in shares of Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Kemper by 73.5% in the third quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 278 shares during the period. Abich Financial Wealth Management LLC bought a new position in Kemper during the 3rd quarter worth about $36,000. Finally, Danske Bank A S purchased a new position in Kemper during the 3rd quarter valued at about $36,000. 86.23% of the stock is owned by institutional investors.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.