Kemper (NYSE:KMPR) Raised to Hold at Wall Street Zen

Kemper (NYSE:KMPR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other research analysts also recently commented on KMPR. UBS Group dropped their price target on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Piper Sandler lowered their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Finally, Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $44.00.

Kemper Trading Up 0.2%

Kemper stock opened at $28.56 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. The business’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $30.42. The firm has a market capitalization of $1.68 billion, a PE ratio of -3.40 and a beta of 1.04. Kemper has a 52 week low of $22.69 and a 52 week high of $54.90.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. The firm’s revenue was down 10.8% compared to the same quarter last year. Equities research analysts forecast that Kemper will post 1.93 earnings per share for the current year.

Hedge Funds Weigh In On Kemper

A number of hedge funds have recently made changes to their positions in KMPR. Huntington National Bank boosted its position in shares of Kemper by 187.1% during the 4th 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. Danske Bank A S acquired a new position in Kemper in the third quarter worth about $36,000. Signaturefd LLC acquired a new position in Kemper in the fourth quarter worth about $32,000. Rockefeller Capital Management L.P. lifted its stake in Kemper by 616.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 814 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Kemper by 11,455.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 1,031 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

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.