Kemper (NYSE:KMPR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Kemper (NYSE:KMPR) from a hold rating to a buy rating in a report issued on Monday morning.

Other analysts also recently issued reports about the company. Piper Sandler upped their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. Raymond James lifted their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 8th. Finally, UBS Group raised their target price on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $76.20.

Kemper Stock Performance

Shares of KMPR stock opened at $65.75 on Monday. The stock has a 50 day simple moving average of $61.81 and a 200-day simple moving average of $60.83. Kemper has a 12-month low of $38.52 and a 12-month high of $67.60. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 15.65 and a beta of 0.85. 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 earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned ($0.44) earnings per share. Kemper’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts forecast that Kemper will post 5.17 EPS for the current year.

Hedge Funds Weigh In On Kemper

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Kemper by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 289 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Kemper by 5,590.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock worth $35,000 after buying an additional 559 shares during the period. LRI Investments LLC acquired a new stake in shares of Kemper in the first quarter valued at about $36,000. Quarry LP raised its holdings in shares of Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after buying an additional 329 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Kemper during the 3rd quarter worth approximately $46,000. 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.