Kemper (NYSE:KMPR) Cut to Buy at Wall Street Zen

Kemper (NYSE:KMPR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Separately, Piper Sandler dropped their target price on Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kemper presently has a consensus rating of "Buy" and a consensus target price of $79.40.

Kemper Stock Up 1.5%

KMPR traded up $0.92 on Friday, hitting $63.89. 323,391 shares of the company were exchanged, compared to its average volume of 382,156. Kemper has a 12 month low of $53.57 and a 12 month high of $73.01. The company has a market cap of $4.09 billion, a PE ratio of 13.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The stock's fifty day moving average is $61.03 and its 200-day moving average is $64.94.

Kemper (NYSE:KMPR - Get Free Report) last released its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Kemper's revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Kemper will post 6.03 EPS for the current fiscal year.

Institutional Trading of Kemper

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in Kemper by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock valued at $36,080,000 after buying an additional 28,807 shares during the period. Nuveen Asset Management LLC raised its stake in Kemper by 54.0% in the fourth quarter. Nuveen Asset Management LLC now owns 237,813 shares of the insurance provider's stock valued at $15,800,000 after buying an additional 83,372 shares during the period. Y Intercept Hong Kong Ltd raised its stake in Kemper by 27.2% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider's stock valued at $380,000 after buying an additional 1,221 shares during the period. Sterling Capital Management LLC raised its stake in Kemper by 52.0% in the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider's stock valued at $242,000 after buying an additional 1,246 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Kemper by 10.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 371,144 shares of the insurance provider's stock valued at $24,659,000 after buying an additional 36,004 shares during the period. Institutional investors 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.

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