Kemper (NYSE:KMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Friday, Zacks.com reports. The firm presently has a $85.00 price objective on the insurance provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.06% from the company’s current price.
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 subject of several other research reports. UBS Group initiated coverage on Kemper in a research note on Monday, September 9th. They set a “buy” rating and a $87.00 target price for the company. William Blair downgraded Kemper from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Finally, ValuEngine upgraded Kemper from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $84.67.
NYSE:KMPR traded up $0.53 during mid-day trading on Friday, hitting $74.52. 283,915 shares of the company’s stock traded hands, compared to its average volume of 338,103. The firm has a 50 day moving average of $74.99 and a two-hundred day moving average of $81.15. Kemper has a 12 month low of $61.57 and a 12 month high of $91.97. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 17.05 and a beta of 1.21. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24.
In other news, Director Robert Joseph Joyce acquired 500 shares of Kemper stock in a transaction on Friday, August 30th. The stock was bought at an average price of $69.75 per share, for a total transaction of $34,875.00. Following the transaction, the director now owns 12,196 shares of the company’s stock, valued at $850,671. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kimberly A. Holmes acquired 2,600 shares of Kemper stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $75.35 per share, with a total value of $195,910.00. Following the transaction, the executive vice president now directly owns 2,600 shares in the company, valued at approximately $195,910. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in KMPR. Valeo Financial Advisors LLC lifted its position in shares of 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 acquiring an additional 564 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Kemper during the 2nd quarter worth approximately $51,000. Parallel Advisors LLC bought a new position in shares of Kemper during the 2nd quarter worth approximately $69,000. TRUE Private Wealth Advisors bought a new position in shares of Kemper during the 2nd quarter worth approximately $75,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Kemper during the 2nd quarter worth approximately $80,000. Institutional investors own 68.48% of the company’s stock.
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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