Kemper Corp. (KMPR) Lowered to “Sell” at Zacks Investment Research
Kemper Corp. (NYSE:KMPR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “
Several other analysts also recently weighed in on KMPR. TheStreet upgraded shares of Kemper Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. William Blair reiterated a “market perform” rating on shares of Kemper Corp. in a report on Saturday, September 10th. Janney Montgomery Scott downgraded shares of Kemper Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Finally, Langen Mcalenn downgraded shares of Kemper Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Kemper Corp. currently has a consensus rating of “Hold” and a consensus price target of $38.00.
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Kemper Corp. (NYSE:KMPR) opened at 38.70 on Wednesday. Kemper Corp. has a 12 month low of $23.51 and a 12 month high of $41.65. The stock’s 50 day moving average price is $38.01 and its 200-day moving average price is $34.08. The firm has a market capitalization of $1.98 billion, a P/E ratio of 44.79 and a beta of 0.98.
Kemper Corp. (NYSE:KMPR) last posted its earnings results on Thursday, August 4th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.23. Kemper Corp. had a net margin of 1.80% and a return on equity of 2.25%. The firm earned $627.20 million during the quarter, compared to the consensus estimate of $610.01 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts forecast that Kemper Corp. will post $0.99 earnings per share for the current year.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of Kemper Corp. by 1,318.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,745 shares of the company’s stock valued at $116,000 after buying an additional 3,481 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Kemper Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,738 shares of the company’s stock valued at $178,000 after buying an additional 694 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Kemper Corp. by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 6,251 shares of the company’s stock valued at $194,000 after buying an additional 180 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Kemper Corp. during the second quarter valued at approximately $211,000. Finally, KCG Holdings Inc. acquired a new position in shares of Kemper Corp. during the second quarter valued at approximately $221,000. 57.60% of the stock is owned by institutional investors.
Kemper Corp. Company Profile
Kemper Corporation is a diversified insurance holding company. The Company, through the subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company, through its subsidiaries, is engaged in the property and casualty insurance and life and health insurance businesses.
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