Kemper (NYSE:KMPR) Stock Rating Lowered by Wall Street Zen

Kemper (NYSE:KMPR) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other equities research analysts have also recently issued research reports about the company. TD Cowen reduced their price objective on Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group lowered their target price on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, Piper Sandler decreased their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $43.25.

Kemper Price Performance

KMPR stock opened at $28.03 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The company’s 50-day moving average is $27.98 and its 200-day moving average is $29.29. The stock has a market capitalization of $1.65 billion, a PE ratio of -3.34 and a beta of 1.04. Kemper has a 1 year low of $22.69 and a 1 year high of $54.64.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $1.30 EPS. The firm’s revenue was down 10.8% compared to the same quarter last year. Equities research analysts expect that Kemper will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Kemper news, Director Gerald Laderman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director owned 33,365 shares of the company’s stock, valued at $883,838.85. The trade was a 13.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Mcanena acquired 3,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the transaction, the chief executive officer owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. The trade was a 10.74% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 14,000 shares of company stock valued at $367,880 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Kemper

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank increased its holdings in Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after buying an additional 421 shares during the last quarter. Nykredit A S bought a new stake in Kemper in the second quarter worth about $31,000. Danske Bank A S purchased a new position in Kemper in the third quarter valued at about $36,000. Rockefeller Capital Management L.P. boosted its stake in Kemper by 616.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 814 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Kemper by 11,455.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 1,031 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.