Kemper Corp. (KMPR) Raised to Hold at Zacks Investment Research
Kemper Corp. (NYSE:KMPR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.
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 analysts have also issued reports on KMPR. TheStreet upgraded shares of Kemper Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. William Blair restated a “market perform” rating on shares of Kemper Corp. in a research report on Saturday, September 10th. Janney Montgomery Scott lowered shares of Kemper Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 10th. Finally, Langen Mcalenn lowered shares of Kemper Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.00.
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Shares of Kemper Corp. (NYSE:KMPR) opened at 35.97 on Tuesday. Kemper Corp. has a one year low of $23.51 and a one year high of $41.65. The firm’s 50-day moving average price is $36.72 and its 200-day moving average price is $32.55. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 41.63 and a beta of 0.98.
Kemper Corp. (NYSE:KMPR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.23. Kemper Corp. had a net margin of 1.80% and a return on equity of 2.25%. The business earned $627.20 million during the quarter, compared to analyst estimates of $610.01 million. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Analysts anticipate that Kemper Corp. will post $1.00 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.67%. Kemper Corp.’s dividend payout ratio is currently 111.63%.
Several hedge funds have recently bought and sold shares of the company. Mason Street Advisors LLC purchased a new stake in Kemper Corp. during the second quarter worth $679,000. Royal Bank of Canada raised its stake in Kemper Corp. by 0.4% in the second quarter. Royal Bank of Canada now owns 73,252 shares of the company’s stock worth $2,270,000 after buying an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Kemper Corp. by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 6,251 shares of the company’s stock worth $194,000 after buying an additional 180 shares in the last quarter. Legal & General Group Plc raised its stake in Kemper Corp. by 14.0% in the second quarter. Legal & General Group Plc now owns 39,686 shares of the company’s stock worth $1,223,000 after buying an additional 4,866 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Kemper Corp. by 1.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 73,744 shares of the company’s stock worth $2,285,000 after buying an additional 1,410 shares in the last quarter. Institutional investors own 57.72% of the company’s stock.
About Kemper Corp.
Kemper Corporation is a diversified insurance holding company. The Company, through the subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company, through its subsidiaries, is engaged in the property and casualty insurance and life and health insurance businesses.
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