The Kemper Corp. (KMPR) Rating Lowered to Hold at The Zacks Investment Research

The Kemper Corp. (KMPR) Rating Lowered to Hold at The Zacks Investment Research

Kemper Corp. (NYSE:KMPR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

A number of other equities research analysts also recently issued reports on the stock. TheStreet raised shares of Kemper Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. William Blair reaffirmed a “market perform” rating on shares of Kemper Corp. in a research note on Saturday, September 10th. Langen Mcalenn downgraded shares of Kemper Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Finally, Janney Montgomery Scott downgraded shares of Kemper Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.00.

Kemper Corp. (NYSE:KMPR) opened at 37.60 on Thursday. The company has a market cap of $1.92 billion, a P/E ratio of 43.52 and a beta of 0.98. Kemper Corp. has a 52-week low of $23.51 and a 52-week high of $41.65. The company has a 50-day moving average of $37.99 and a 200-day moving average of $34.50.

Kemper Corp. (NYSE:KMPR) last issued its earnings results on Thursday, August 4th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.23. The firm earned $627.20 million during the quarter, compared to analyst estimates of $610.01 million. Kemper Corp. had a net margin of 1.80% and a return on equity of 2.25%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. On average, equities research analysts expect that Kemper Corp. will post $0.11 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of KMPR. Vanguard Group Inc. boosted its position in shares of Kemper Corp. by 4.1% in the second quarter. Vanguard Group Inc. now owns 3,030,869 shares of the company’s stock worth $93,896,000 after buying an additional 120,433 shares during the last quarter. State Street Corp boosted its position in shares of Kemper Corp. by 0.3% in the first quarter. State Street Corp now owns 1,451,675 shares of the company’s stock valued at $42,933,000 after buying an additional 4,436 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Kemper Corp. by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,373,911 shares of the company’s stock valued at $40,627,000 after buying an additional 31,172 shares in the last quarter. Fayez Sarofim & Co. boosted its position in shares of Kemper Corp. by 24.9% in the second quarter. Fayez Sarofim & Co. now owns 1,051,444 shares of the company’s stock valued at $32,574,000 after buying an additional 209,288 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its position in shares of Kemper Corp. by 1.3% in the second quarter. BlackRock Investment Management LLC now owns 286,086 shares of the company’s stock valued at $8,863,000 after buying an additional 3,631 shares in the last quarter. Institutional investors and hedge funds own 57.69% of the company’s stock.

Kemper Corp. Company Profile

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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