Kemper Corporation (NYSE:KMPR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued 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. “
KMPR has been the topic of several other research reports. BidaskClub upgraded Kemper Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Raymond James Financial, Inc. upgraded Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a report on Thursday, August 3rd. UBS AG upgraded Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, TheStreet upgraded Kemper Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. Kemper Corporation has a consensus rating of “Buy” and an average target price of $55.50.
Kemper Corporation (NYSE:KMPR) last posted its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.23. Kemper Corporation had a return on equity of 1.26% and a net margin of 1.95%. The business had revenue of $684.40 million for the quarter, compared to analysts’ expectations of $641.20 million. During the same quarter last year, the firm earned $0.08 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis.
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In other Kemper Corporation news, Director Susan D. Whiting acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $49.06 per share, for a total transaction of $49,060.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $49,060. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of KMPR. Fiduciary Trust Co. acquired a new position in Kemper Corporation in the second quarter valued at $122,000. LS Investment Advisors LLC boosted its holdings in Kemper Corporation by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock valued at $146,000 after acquiring an additional 580 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Kemper Corporation by 78.8% in the second quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after acquiring an additional 2,128 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Kemper Corporation by 75.3% in the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after acquiring an additional 2,074 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Kemper Corporation in the first quarter valued at $205,000. Institutional investors and hedge funds own 56.06% of the company’s stock.
Kemper Corporation Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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