Kemper (NYSE:KMPR) Upgraded to Buy at StockNews.com

Kemper (NYSE:KMPR - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

Several other research firms have also recently weighed in on KMPR. Raymond James boosted their price objective on shares of Kemper from $70.00 to $75.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 8th. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. UBS Group boosted their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Finally, Piper Sandler raised their price objective on shares of Kemper from $77.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $76.20.

Kemper Price Performance

KMPR traded up $0.19 during midday trading on Monday, reaching $62.62. 516,046 shares of the company's stock were exchanged, compared to its average volume of 375,700. Kemper has a one year low of $38.52 and a one year high of $67.60. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 14.91 and a beta of 0.85. The business has a 50-day simple moving average of $61.62 and a two-hundred day simple moving average of $60.68. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.28. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.44) EPS. As a group, research analysts predict that Kemper will post 5.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Kemper by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock worth $33,000 after purchasing an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Kemper by 5,590.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock valued at $35,000 after buying an additional 559 shares in the last quarter. LRI Investments LLC acquired a new position in Kemper during the first quarter worth $36,000. Quarry LP raised its position in Kemper by 105.1% during the second quarter. Quarry LP now owns 642 shares of the insurance provider's stock worth $38,000 after acquiring an additional 329 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Kemper in the third quarter valued at $46,000. Institutional investors own 86.23% of the company's stock.

About Kemper

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.