Kemper (NYSE:KMPR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Kemper (NYSE:KMPRFree Report) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. UBS Group decreased their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Piper Sandler lowered their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Kemper presently has an average rating of “Reduce” and an average price target of $43.67.

View Our Latest Stock Report on KMPR

Kemper Stock Up 2.1%

KMPR stock opened at $26.77 on Tuesday. The stock has a market capitalization of $1.58 billion, a PE ratio of -3.19 and a beta of 1.04. The company has a fifty day moving average of $27.63 and a 200-day moving average of $29.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. Kemper has a one year low of $22.69 and a one year high of $54.64.

Kemper (NYSE:KMPRGet Free Report) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 EPS. As a group, analysts expect that Kemper will post 1.97 EPS for the current year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, August 21st. Kemper’s payout ratio is presently -15.24%.

Insider Activity at Kemper

In related news, CEO Stephen J. Mcanena acquired 3,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the purchase, the chief executive officer directly owned 30,945 shares in the company, valued at $820,042.50. This represents a 10.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bradley T. Camden bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $26.34 per share, for a total transaction of $26,340.00. Following the completion of the transaction, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. This trade represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 14,000 shares of company stock valued at $367,880. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Kemper

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its stake in Kemper by 39.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 1,406 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Kemper by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after buying an additional 77,764 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Kemper during the first quarter worth approximately $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kemper by 4.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock worth $13,253,000 after buying an additional 9,008 shares during the period. Finally, Jane Street Group LLC grew its holdings in Kemper by 112.7% in the 1st quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock worth $703,000 after buying an additional 5,573 shares in the last quarter. 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.

Further Reading

Analyst Recommendations for Kemper (NYSE:KMPR)

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