Kemper Corporation (KMPR) Upgraded to “Buy” by BidaskClub
BidaskClub upgraded shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a buy rating in a report released on Saturday morning.
A number of other equities research analysts have also recently commented on KMPR. UBS AG upgraded Kemper Corporation from a market perform rating to a strong-buy rating in a research report on Thursday. TheStreet upgraded Kemper Corporation from a c rating to a b rating in a research report on Tuesday, August 1st. Raymond James Financial, Inc. upgraded Kemper Corporation from a market perform rating to a strong-buy rating and set a $55.00 target price on the stock in a research report on Thursday. Finally, Zacks Investment Research cut Kemper Corporation from a hold rating to a strong sell rating in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Kemper Corporation has an average rating of Buy and a consensus price target of $52.50.
Shares of Kemper Corporation (KMPR) traded up 1.06% during trading on Friday, hitting $47.60. The stock had a trading volume of 238,010 shares. The firm has a market cap of $2.44 billion, a P/E ratio of 47.98 and a beta of 1.11. The firm has a 50 day moving average price of $38.77 and a 200 day moving average price of $40.35. Kemper Corporation has a 12-month low of $33.75 and a 12-month high of $47.70.
Kemper Corporation (NYSE:KMPR) last posted its earnings results on Tuesday, August 1st. The insurance provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.23. Kemper Corporation had a return on equity of 1.26% and a net margin of 1.95%. The firm had revenue of $684.40 million for the quarter, compared to analysts’ expectations of $641.20 million. During the same period last year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Kemper Corporation will post $1.60 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, August 10th. Kemper Corporation’s dividend payout ratio (DPR) is presently 97.96%.
In related news, insider Mark A. Green purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average cost of $37.72 per share, with a total value of $37,720.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.92% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC raised its position in shares of Kemper Corporation by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock worth $146,000 after buying an additional 580 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Kemper Corporation during the first quarter worth $205,000. Capital Fund Management S.A. bought a new position in shares of Kemper Corporation during the first quarter worth $223,000. ING Groep NV bought a new position in shares of Kemper Corporation during the second quarter worth $229,000. Finally, Paloma Partners Management Co bought a new position in shares of Kemper Corporation during the first quarter worth $239,000. 55.18% of the stock is currently owned by hedge funds and other institutional investors.
Kemper Corporation Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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