Kemper (NYSE:KMPR) Rating Lowered to Hold at StockNews.com

Kemper (NYSE:KMPR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

KMPR has been the subject of several other research reports. TD Cowen upped their price objective on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $79.00.

Kemper Stock Down 3.7 %

KMPR stock opened at $63.71 on Tuesday. The firm’s 50-day moving average is $66.91 and its two-hundred day moving average is $62.92. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 15.17 and a beta of 0.88. Kemper has a 52 week low of $47.12 and a 52 week high of $73.01. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.44) earnings per share. On average, analysts forecast that Kemper will post 5.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kemper

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in shares of Kemper by 56.1% in the 2nd quarter. SG Americas Securities LLC now owns 5,997 shares of the insurance provider’s stock valued at $356,000 after acquiring an additional 2,156 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Kemper by 3.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,076 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 311 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Kemper in the second quarter valued at $336,000. Blue Trust Inc. boosted its position in shares of Kemper by 89.0% in the second quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock worth $75,000 after buying an additional 572 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Kemper by 2.9% in the second quarter. Raymond James & Associates now owns 75,905 shares of the insurance provider’s stock worth $4,503,000 after buying an additional 2,141 shares during the period. Institutional investors and hedge funds 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.