Kemper (KMPR) Upgraded to “Strong-Buy” at Zacks Investment Research

Kemper (NYSE:KMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday. The firm presently has a $80.00 target price on the insurance provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.76% from the stock’s previous close.

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 equities analysts have also recently weighed in on the company. ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded Kemper from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a strong buy rating to the stock. Kemper currently has a consensus rating of “Buy” and an average price target of $67.50.

Kemper (NYSE:KMPR) opened at $70.95 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.17 and a current ratio of 0.17. Kemper has a 52 week low of $36.35 and a 52 week high of $71.52. The firm has a market capitalization of $3,563.01, a price-to-earnings ratio of 31.96 and a beta of 1.19.

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

A number of large investors have recently modified their holdings of KMPR. Cutler Group LP bought a new stake in shares of Kemper during the 4th quarter worth $111,000. Tower Research Capital LLC TRC raised its stake in shares of Kemper by 1,318.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,745 shares of the insurance provider’s stock worth $116,000 after purchasing an additional 3,481 shares during the period. Tyers Asset Management LLC bought a new stake in shares of Kemper during the 4th quarter worth $120,000. LS Investment Advisors LLC raised its stake in shares of Kemper by 6.3% during the 3rd quarter. LS Investment Advisors LLC now owns 3,067 shares of the insurance provider’s stock worth $121,000 after purchasing an additional 181 shares during the period. Finally, Fiduciary Trust Co. bought a new stake in shares of Kemper during the 2nd quarter worth $122,000. Institutional investors and hedge funds own 57.72% of the company’s stock.

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About Kemper

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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