Zacks Investment Research cut shares of Kemper Corporation (NYSE:KMPR) from a hold rating to a strong sell rating in a research report sent to investors on Friday, July 14th.
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 recently issued reports about the company. TheStreet cut Kemper Corporation from a b- rating to a c rating in a research note on Thursday, May 4th. BidaskClub raised Kemper Corporation from a sell rating to a hold rating in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $50.00.
Shares of Kemper Corporation (NYSE:KMPR) traded up 0.13% during trading on Friday, hitting $38.95. The company had a trading volume of 22,283 shares. Kemper Corporation has a 1-year low of $33.66 and a 1-year high of $45.95. The company’s 50 day moving average is $38.91 and its 200 day moving average is $40.51. The firm has a market capitalization of $2.00 billion, a P/E ratio of 108.19 and a beta of 1.11.
Kemper Corporation (NYSE:KMPR) last issued its quarterly earnings results on Thursday, May 4th. The insurance provider reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.11. The company had revenue of $651.40 million for the quarter, compared to analysts’ expectations of $652.25 million. Kemper Corporation had a return on equity of 0.44% and a net margin of 0.73%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share. Analysts anticipate that Kemper Corporation will post $1.34 earnings per share for the current fiscal year.
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In related news, insider Mark A. Green bought 1,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were acquired at an average cost of $37.72 per share, with a total value of $37,720.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.92% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its position in shares of Kemper Corporation by 4.5% in the second quarter. Great West Life Assurance Co. Can now owns 28,699 shares of the insurance provider’s stock worth $1,106,000 after buying an additional 1,248 shares during the last quarter. ING Groep NV acquired a new position in shares of Kemper Corporation during the second quarter worth about $229,000. Russell Investments Group Ltd. increased its position in shares of Kemper Corporation by 22.1% in the second quarter. Russell Investments Group Ltd. now owns 171,171 shares of the insurance provider’s stock worth $6,607,000 after buying an additional 30,948 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of Kemper Corporation by 1.5% in the second quarter. State Treasurer State of Michigan now owns 20,050 shares of the insurance provider’s stock worth $774,000 after buying an additional 300 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its position in shares of Kemper Corporation by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 227,214 shares of the insurance provider’s stock worth $8,770,000 after buying an additional 4,551 shares during the last quarter. 55.11% of the stock is currently owned by hedge funds and other institutional investors.
Kemper Corporation 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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