Kemper (NYSE:KMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $79.00 target price on the insurance provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 15.41% from the company’s current price.

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. “

A number of other research firms have also recently commented on KMPR. ValuEngine cut shares of Kemper from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub raised shares of Kemper from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a hold rating and four have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $67.00.

Kemper (NYSE:KMPR) traded down $0.35 during trading hours on Wednesday, hitting $68.45. 142,107 shares of the company were exchanged, compared to its average volume of 170,167. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $3,514.13, a PE ratio of 39.25 and a beta of 1.19. Kemper has a 52 week low of $36.35 and a 52 week high of $71.52.

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

A number of hedge funds have recently modified their holdings of KMPR. Westwood Holdings Group Inc. raised its holdings in Kemper by 217.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 828,927 shares of the insurance provider’s stock valued at $32,190,000 after acquiring an additional 568,157 shares during the period. Victory Capital Management Inc. bought a new stake in Kemper during the 3rd quarter valued at $21,947,000. Mesirow Financial Investment Management Equity Management bought a new stake in Kemper during the 3rd quarter valued at $14,731,000. Vanguard Group Inc. raised its holdings in Kemper by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,609,922 shares of the insurance provider’s stock valued at $139,342,000 after acquiring an additional 150,227 shares during the period. Finally, Rafferty Asset Management LLC bought a new stake in Kemper during the 2nd quarter valued at $4,424,000. 57.74% of the stock is currently owned by institutional investors and hedge funds.

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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.

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