Kemper (NYSE:KMPR) Downgraded by StockNews.com to Hold

Kemper (NYSE:KMPR - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

Several other analysts have also issued reports on the company. JMP Securities reissued a "market outperform" rating and set a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. TD Cowen upped their price objective on Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $79.00.

Kemper Stock Performance

Kemper stock traded down $1.69 during mid-day trading on Tuesday, reaching $66.14. 349,848 shares of the stock traded hands, compared to its average volume of 371,643. The stock has a market capitalization of $4.24 billion, a PE ratio of 15.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. Kemper has a 12-month low of $47.12 and a 12-month high of $73.01. The business's 50-day moving average is $66.86 and its 200-day moving average is $62.91.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted ($0.44) earnings per share. Kemper's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts predict that Kemper will post 5.36 EPS for the current fiscal year.

Institutional Trading of Kemper

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Kemper in the 3rd quarter worth about $82,000. Sanctuary Advisors LLC bought a new stake in shares of Kemper in the 3rd quarter worth about $278,000. Barclays PLC lifted its holdings in shares of Kemper by 72.3% in the 3rd quarter. Barclays PLC now owns 29,067 shares of the insurance provider's stock worth $1,781,000 after acquiring an additional 12,196 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kemper by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider's stock worth $61,933,000 after acquiring an additional 9,412 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Kemper in the 3rd quarter worth about $275,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

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