Kemper (NYSE:KMPR) Downgraded by Zacks Investment Research
Kemper (NYSE:KMPR – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.
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. “
KMPR has been the subject of a number of other reports. Raymond James lowered Kemper from an “outperform” rating to a “market performer” rating in a research report on Tuesday, February 1st. Credit Suisse Group began coverage on Kemper in a research note on Thursday, April 28th. They set an “underperform” rating and a $44.00 price target for the company. Finally, StockNews.com began coverage on Kemper in a research note on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.50.
Shares of NYSE KMPR opened at $49.81 on Friday. Kemper has a one year low of $45.64 and a one year high of $80.78. The firm has a market capitalization of $3.18 billion, a PE ratio of -9.40 and a beta of 0.81. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $53.21 and a two-hundred day moving average price of $56.23.
Kemper (NYSE:KMPR – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The insurance provider reported ($0.94) EPS for the quarter, topping analysts’ consensus estimates ($1.17) by $0.23. Kemper had a negative return on equity of 8.81% and a negative net margin of 5.79%. During the same quarter last year, the firm posted $1.31 earnings per share. Research analysts anticipate that Kemper will post -0.46 EPS for the current year.
In related news, Director George N. Cochran acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 14th. The shares were acquired at an average cost of $50.00 per share, with a total value of $50,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC raised its stake in shares of Kemper by 126.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 306 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Kemper in the 3rd quarter valued at approximately $43,000. Cutler Group LP bought a new position in shares of Kemper in the 1st quarter valued at approximately $45,000. Pinebridge Investments LP bought a new position in Kemper in the 4th quarter worth approximately $71,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Kemper in the 4th quarter worth approximately $124,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Kimper Company Profile (Get Rating)
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance 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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