Kemper Corporation (KMPR) Upgraded at Zacks Investment Research

Kemper Corporation (NYSE:KMPR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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. “

Other equities research analysts have also issued research reports about the company. TheStreet raised Kemper Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. BidaskClub raised Kemper Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. UBS AG raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. raised 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. Two research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company’s stock. Kemper Corporation currently has a consensus rating of “Buy” and an average price target of $55.50.

Kemper Corporation (NYSE:KMPR) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.57. Kemper Corporation had a return on equity of 4.52% and a net margin of 4.32%. The company had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. During the same quarter in the previous year, the company earned ($0.40) EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.

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In other news, Director Susan D. Whiting purchased 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, with a total value of $49,060.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $49,060. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.92% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Amalgamated Bank boosted its stake in shares of Kemper Corporation by 0.9% during the 2nd quarter. Amalgamated Bank now owns 5,758 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 53 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Kemper Corporation by 0.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,242 shares of the insurance provider’s stock worth $1,206,000 after acquiring an additional 80 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Kemper Corporation by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 17,405 shares of the insurance provider’s stock worth $672,000 after acquiring an additional 99 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Kemper Corporation by 0.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,046 shares of the insurance provider’s stock worth $1,237,000 after acquiring an additional 100 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Kemper Corporation by 0.4% during the 2nd quarter. Prudential Financial Inc. now owns 31,925 shares of the insurance provider’s stock worth $1,232,000 after acquiring an additional 140 shares in the last quarter. 56.02% of the stock is currently owned by institutional investors and hedge funds.

About Kemper Corporation

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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