Kemper (NYSE:KMPR) Rating Lowered to Strong Sell at Zacks Research

Kemper (NYSE:KMPRGet Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Kemper from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 17th. Piper Sandler cut their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Citigroup cut shares of Kemper to a “market perform” rating in a report on Thursday, February 5th. Wall Street Zen cut shares of Kemper from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, UBS Group cut their price objective on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $51.75.

View Our Latest Research Report on Kemper

Kemper Price Performance

KMPR stock opened at $30.10 on Wednesday. Kemper has a 1 year low of $27.74 and a 1 year high of $65.32. The company has a market cap of $1.77 billion, a P/E ratio of 48.55 and a beta of 1.16. The firm has a 50-day moving average of $31.28 and a 200 day moving average of $35.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18.

Kemper (NYSE:KMPRGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). Kemper had a return on equity of 4.80% and a net margin of 0.89%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company earned $1.65 earnings per share. Kemper’s quarterly revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts forecast that Kemper will post 2.83 EPS for the current year.

Institutional Investors Weigh In On Kemper

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in shares of Kemper by 1,098.0% during the third quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock valued at $30,000 after buying an additional 538 shares during the last quarter. Huntington National Bank grew its holdings in shares of Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after buying an additional 421 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Kemper by 73.5% during the third quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock valued at $34,000 after buying an additional 278 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kemper during the third quarter valued at approximately $36,000. Finally, Danske Bank A S purchased a new stake in shares of Kemper during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Kemper

(Get Free Report)

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.

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Analyst Recommendations for Kemper (NYSE:KMPR)

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