Kemper Corporation (KMPR) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research cut shares of Kemper Corporation (NYSE:KMPR) from a strong-buy rating to a hold rating in a report released on Wednesday.
According to Zacks, “Kemper Corporation is a financial services provider. It specializes in property and casualty insurance, life and health insurance products for individuals, families, and small businesses. Kemper Corporation is based in Chicago, Illinois. “
Other analysts have also issued research reports about the company. TheStreet upgraded Kemper Corporation from a c rating to a b rating in a report on Tuesday, August 1st. BidaskClub upgraded Kemper Corporation from a hold rating to a buy rating in a report on Saturday, August 5th. Raymond James Financial, Inc. upgraded Kemper Corporation from a market perform rating to a strong-buy rating and set a $55.00 price objective for the company in a report on Thursday, August 3rd. Finally, UBS AG upgraded Kemper Corporation from a market perform rating to a strong-buy rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $55.50.
Kemper Corporation (KMPR) opened at 57.25 on Wednesday. The stock has a market cap of $2.94 billion, a PE ratio of 57.71 and a beta of 1.11. Kemper Corporation has a 52 week low of $35.30 and a 52 week high of $57.70. The firm’s 50-day moving average price is $51.27 and its 200-day moving average price is $43.26.
Kemper Corporation (NYSE:KMPR) last issued its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.41 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $641.20 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts predict that Kemper Corporation will post $1.36 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Kemper Corporation (KMPR) Downgraded by Zacks Investment Research to Hold” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/10/15/kemper-corporation-kmpr-downgraded-by-zacks-investment-research-to-hold.html.
In related news, Director Susan D. Whiting acquired 1,000 shares of Kemper Corporation stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $49.06 per share, for a total transaction of $49,060.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at approximately $49,060. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.92% of the company’s stock.
Several large investors have recently bought and sold shares of KMPR. Fiduciary Trust Co. acquired a new stake in Kemper Corporation in the 2nd quarter worth about $122,000. LS Investment Advisors LLC boosted its holdings in Kemper Corporation by 18.1% in the 2nd 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 during the last quarter. Riverhead Capital Management LLC boosted its holdings in Kemper Corporation by 78.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after buying an additional 2,128 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Kemper Corporation by 75.3% in the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after buying an additional 2,074 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Kemper Corporation in the 1st quarter worth about $205,000. Hedge funds and other institutional investors own 56.06% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kemper Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper Corporation and related companies with MarketBeat.com's FREE daily email newsletter.