Piper Sandler Lowers Kemper (NYSE:KMPR) Price Target to $35.00

Kemper (NYSE:KMPR) had its target price reduced by research analysts at Piper Sandler from $50.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the insurance provider’s stock. Piper Sandler’s price objective points to a potential downside of 5.58% from the company’s previous close.

Other analysts have also issued reports about the stock. Wall Street Zen lowered shares of Kemper from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. JMP Securities decreased their price objective on Kemper from $85.00 to $75.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 6th. Raymond James Financial lowered Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kemper in a research report on Wednesday, October 8th. Finally, Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.50.

Kemper Stock Performance

Shares of NYSE KMPR opened at $37.07 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.21. Kemper has a one year low of $33.91 and a one year high of $73.01. The business’s 50-day moving average price is $49.50 and its two-hundred day moving average price is $56.64. The company has a market capitalization of $2.33 billion, a P/E ratio of 6.98 and a beta of 1.23.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). Kemper had a net margin of 7.18% and a return on equity of 14.39%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate that Kemper will post 6.03 earnings per share for the current fiscal year.

Kemper announced that its board has approved a share buyback plan on Tuesday, August 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the insurance provider to repurchase up to 12.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Kemper

A number of institutional investors have recently bought and sold shares of KMPR. Syon Capital LLC bought a new stake in Kemper in the third quarter valued at $220,000. Rothschild Investment LLC grew its stake in shares of Kemper by 60,680.0% in the 3rd quarter. Rothschild Investment LLC now owns 3,039 shares of the insurance provider’s stock valued at $157,000 after buying an additional 3,034 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in Kemper by 4.1% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 13,985 shares of the insurance provider’s stock valued at $721,000 after buying an additional 554 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Kemper by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 173,746 shares of the insurance provider’s stock worth $8,957,000 after buying an additional 16,238 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Kemper by 31.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,833 shares of the insurance provider’s stock worth $2,053,000 after buying an additional 9,460 shares during the period. Institutional investors own 86.23% of the company’s stock.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.