Raymond James Boosts Kemper (NYSE:KMPR) Price Target to $82.00

Kemper (NYSE:KMPR) had its price objective raised by investment analysts at Raymond James from $75.00 to $82.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “strong-buy” rating on the insurance provider’s stock. Raymond James’ price objective would indicate a potential upside of 24.60% from the stock’s current price.

KMPR has been the subject of several other research reports. TD Cowen increased 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. StockNews.com cut Kemper from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, JMP Securities restated a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kemper currently has an average rating of “Buy” and a consensus price target of $80.40.

Kemper Trading Up 1.1 %

Shares of NYSE:KMPR opened at $65.81 on Thursday. The business’s fifty day simple moving average is $67.29 and its 200-day simple moving average is $63.14. Kemper has a 12-month low of $47.92 and a 12-month 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. The company has a market capitalization of $4.21 billion, a PE ratio of 15.67 and a beta of 0.88.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned ($0.44) EPS. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts predict that Kemper will post 5.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KMPR. Jane Street Group LLC lifted its position in Kemper by 565.8% in the third quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider’s stock valued at $2,517,000 after buying an additional 34,922 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Kemper by 244.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider’s stock worth $1,155,000 after acquiring an additional 13,376 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Kemper by 81.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock worth $51,333,000 after purchasing an additional 375,324 shares during the period. Verition Fund Management LLC boosted its position in shares of Kemper by 7.0% during the 3rd quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider’s stock worth $6,637,000 after purchasing an additional 7,127 shares during the period. Finally, Natixis Advisors LLC increased its holdings in Kemper by 50.6% in the 2nd quarter. Natixis Advisors LLC now owns 68,604 shares of the insurance provider’s stock valued at $4,070,000 after purchasing an additional 23,043 shares during the last quarter. 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.