Zacks Investment Research downgraded shares of Kemper (NYSE:KMPR) from a 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. “

Separately, ValuEngine cut Kemper from a buy rating to a hold rating in a research report on Friday, August 3rd.

Shares of NYSE KMPR traded down $3.91 during trading hours on Wednesday, hitting $73.39. 818,686 shares of the company’s stock were exchanged, compared to its average volume of 319,738. Kemper has a 1-year low of $50.85 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $5.21 billion, a PE ratio of 44.75 and a beta of 1.15.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Monday, July 30th. The insurance provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Kemper had a return on equity of 7.80% and a net margin of 6.24%. The business had revenue of $741.90 million during the quarter, compared to analysts’ expectations of $706.27 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Kemper will post 4.55 EPS for the current fiscal year.

In other Kemper news, VP Carl Thomas Jr. Evans sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $78.70, for a total value of $157,400.00. Following the completion of the transaction, the vice president now owns 965 shares of the company’s stock, valued at approximately $75,945.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George N. Cochran purchased 500 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was purchased at an average cost of $83.55 per share, with a total value of $41,775.00. Following the acquisition, the director now owns 9,428 shares in the company, valued at $787,709.40. The disclosure for this purchase can be found here. 0.92% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Castleark Management LLC acquired a new position in Kemper in the 2nd quarter valued at approximately $14,950,000. Verition Fund Management LLC acquired a new position in Kemper in the 2nd quarter valued at approximately $269,000. Natixis raised its holdings in Kemper by 48.5% in the 2nd quarter. Natixis now owns 153,063 shares of the insurance provider’s stock valued at $11,579,000 after acquiring an additional 49,982 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Kemper by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 214,511 shares of the insurance provider’s stock valued at $12,227,000 after acquiring an additional 6,888 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Kemper by 1.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 356,391 shares of the insurance provider’s stock valued at $26,961,000 after acquiring an additional 5,912 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

About Kemper

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.

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