Kemper (NYSE:KMPR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Kemper from “sell” to “hold,” but overall analyst sentiment remains negative, with a consensus “reduce” rating and an average price target of $44.
• Kemper shares were trading down 4.2% at $28.56, near the lower end of their 52-week range of $22.69 to $54.90.
• The insurer beat quarterly earnings expectations with EPS of $0.45 versus $0.34 estimated, but revenue fell 10.8% year over year to $1.09 billion and the company reported a negative net margin.

Kemper (NYSE:KMPR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday. Zacks Research cut Kemper from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 13th. UBS Group cut their target price on Kemper from $48.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday, May 11th. Finally, Piper Sandler reduced their price target on Kemper from $35.00 to $28.00 and set an "underweight" rating on the stock in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $44.00.

Kemper Trading Down 4.2%

KMPR stock opened at $28.56 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper has a twelve month low of $22.69 and a twelve month high of $54.90. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -3.40 and a beta of 1.04. The firm's fifty day simple moving average is $27.27 and its two-hundred day simple moving average is $30.47.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The business's revenue for the quarter was down 10.8% on a year-over-year basis. As a group, analysts anticipate that Kemper will post 1.94 earnings per share for the current year.

Institutional Trading of Kemper

Hedge funds have recently bought and sold shares of the stock. Huntington National Bank raised its position in shares of Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock worth $26,000 after acquiring an additional 421 shares in the last quarter. Danske Bank A S bought a new stake in Kemper during the third quarter valued at about $36,000. Signaturefd LLC purchased a new position in Kemper in the fourth quarter valued at about $32,000. Rockefeller Capital Management L.P. grew its stake in Kemper by 616.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 814 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Kemper by 11,455.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Kemper Company Profile

Kemper Corporation NYSE: KMPR is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers' compensation and specialty property solutions tailored to small and mid-sized enterprises.

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