Kemper (NYSE:KMPR) Lowered to “Sell” at ValuEngine

ValuEngine lowered shares of Kemper (NYSE:KMPR) from a hold rating to a sell rating in a report released on Tuesday morning, ValuEngine reports.

Several other research firms also recently issued reports on KMPR. Zacks Investment Research downgraded shares of Kemper from a hold rating to a sell rating in a report on Thursday, September 5th. William Blair downgraded shares of Kemper from an outperform rating to a market perform rating in a report on Thursday, August 22nd. Finally, UBS Group started coverage on shares of Kemper in a report on Monday, September 9th. They set a buy rating and a $87.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Kemper has a consensus rating of Hold and a consensus price target of $86.25.

KMPR opened at $75.16 on Tuesday. Kemper has a 52-week low of $61.57 and a 52-week high of $91.97. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.28. The company has a market cap of $5.00 billion, a P/E ratio of 17.20 and a beta of 1.24. The firm’s 50-day moving average price is $75.08 and its 200-day moving average price is $81.95.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.02. Kemper had a net margin of 7.83% and a return on equity of 10.84%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 71.9% compared to the same quarter last year. On average, research analysts anticipate that Kemper will post 5.65 EPS for the current fiscal year.

In other news, Director Robert Joseph Joyce bought 500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average price of $69.75 per share, for a total transaction of $34,875.00. Following the completion of the transaction, the director now directly owns 12,196 shares in the company, valued at $850,671. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kimberly A. Holmes bought 2,600 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $75.35 per share, for a total transaction of $195,910.00. Following the transaction, the executive vice president now owns 2,600 shares of the company’s stock, valued at $195,910. The disclosure for this purchase can be found here. 1.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KMPR. Oppenheimer Asset Management Inc. purchased a new stake in Kemper in the 2nd quarter worth approximately $51,000. Valeo Financial Advisors LLC boosted its position in Kemper by 972.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 622 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 564 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Kemper in the 2nd quarter worth approximately $69,000. TRUE Private Wealth Advisors purchased a new stake in Kemper in the 2nd quarter worth approximately $75,000. Finally, FNY Investment Advisers LLC purchased a new stake in Kemper in the 2nd quarter worth approximately $80,000. Hedge funds and other institutional investors own 68.86% 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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.

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Analyst Recommendations for Kemper (NYSE:KMPR)

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