ValuEngine Lowers Kemper (KMPR) to Hold

Kemper (NYSE:KMPR) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

KMPR has been the subject of several other reports. Zacks Investment Research raised shares of Kemper from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. BidaskClub raised shares of Kemper from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 5th. Raymond James Financial raised shares of Kemper from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research note on Thursday, August 3rd. Finally, UBS raised shares of Kemper from a “market perform” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $55.50.

Shares of Kemper (NYSE:KMPR) opened at $68.65 on Friday. Kemper has a 1 year low of $36.35 and a 1 year high of $71.52. The firm has a market cap of $3,532.11, a price-to-earnings ratio of 39.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.17 and a quick ratio of 0.17.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.57. Kemper had a net margin of 4.32% and a return on equity of 4.47%. The company had revenue of $690.30 million for the quarter, compared to analysts’ expectations of $680.90 million. During the same quarter in the previous year, the business posted ($0.40) earnings per share. Kemper’s quarterly revenue was up 7.7% on a year-over-year basis. analysts forecast that Kemper will post 1.57 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in KMPR. California Public Employees Retirement System raised its holdings in Kemper by 3.7% in the third quarter. California Public Employees Retirement System now owns 139,541 shares of the insurance provider’s stock worth $7,396,000 after purchasing an additional 4,941 shares in the last quarter. Invictus RG bought a new position in Kemper in the third quarter worth about $207,000. Schwab Charles Investment Management Inc. raised its holdings in Kemper by 3.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 355,741 shares of the insurance provider’s stock worth $18,855,000 after purchasing an additional 11,669 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Kemper by 47.0% in the third quarter. Wells Fargo & Company MN now owns 61,953 shares of the insurance provider’s stock worth $3,283,000 after purchasing an additional 19,797 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Kemper by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 124,699 shares of the insurance provider’s stock worth $6,590,000 after purchasing an additional 7,933 shares in the last quarter. Hedge funds and other institutional investors own 57.79% of the company’s stock.

TRADEMARK VIOLATION WARNING: “ValuEngine Lowers Kemper (KMPR) to Hold” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/03/valuengine-lowers-kemper-kmpr-to-hold.html.

Kemper 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Kemper Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply