Kemper (NYSE:KMPR – Get Free Report) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.
Other analysts have also issued reports about the company. UBS Group reduced their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, TD Cowen reduced their price target on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Kemper currently has a consensus rating of “Reduce” and a consensus target price of $43.25.
View Our Latest Research Report on Kemper
Kemper Stock Up 0.2%
Kemper (NYSE:KMPR – Get Free Report) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $1.30 EPS. The company’s revenue was down 10.8% compared to the same quarter last year. Research analysts forecast that Kemper will post 2.02 EPS for the current fiscal year.
Insider Buying and Selling
In other news, EVP Thomas Evans acquired 1,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $26.53 per share, with a total value of $26,530.00. Following the completion of the purchase, the executive vice president directly owned 91,629 shares of the company’s stock, valued at $2,430,917.37. This represents a 1.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen McAnena bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the transaction, the chief executive officer owned 30,945 shares in the company, valued at $820,042.50. This trade represents a 10.74% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 14,000 shares of company stock valued at $367,880 over the last three months. Insiders own 0.61% of the company’s stock.
Hedge Funds Weigh In On Kemper
A number of hedge funds have recently modified their holdings of KMPR. Engineers Gate Manager LP grew its holdings in Kemper by 24.9% during the 2nd quarter. Engineers Gate Manager LP now owns 100,312 shares of the insurance provider’s stock worth $2,704,000 after acquiring an additional 19,999 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Kemper during the second quarter valued at about $226,000. IFP Advisors Inc raised its holdings in shares of Kemper by 456.6% during the second quarter. IFP Advisors Inc now owns 1,436 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 1,178 shares during the period. Allworth Financial LP boosted its position in shares of Kemper by 76.8% during the 2nd quarter. Allworth Financial LP now owns 3,081 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Kemper during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
Kemper Company Profile
Kemper Corporation is an insurance holding company headquartered in Chicago, Illinois. Through its operating subsidiaries, the company provides property and casualty insurance and life and health insurance products to individuals, families and businesses across the United States.
Kemper’s property and casualty operations focus on personal automobile insurance, including coverage for drivers who may have difficulty obtaining insurance through standard carriers. The company also offers home, renters and other personal insurance products, as well as specialty insurance solutions distributed through independent agents and other channels.
Through Kemper Life, the company provides life insurance products designed primarily for individuals and families, including coverage intended to help with final expenses and other financial needs.
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