Kemper (NYSE:KMPR) PT Raised to $85.00

Kemper (NYSE:KMPR) had its price objective boosted by equities research analysts at JMP Securities from $80.00 to $85.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ target price points to a potential upside of 43.51% from the company’s previous close.

Separately, Piper Sandler increased their target price on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $74.00.

Kemper Stock Performance

Shares of NYSE:KMPR traded down $2.48 during trading on Tuesday, hitting $59.23. 361,555 shares of the stock traded hands, compared to its average volume of 395,966. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $60.35 and a two-hundred day moving average price of $59.35. Kemper has a 52-week low of $38.32 and a 52-week high of $65.93. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -30.96 and a beta of 0.89.

Kemper (NYSE:KMPR) last posted its earnings results on Monday, August 5th. The insurance provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.23. Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned ($0.26) EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities analysts predict that Kemper will post 4.67 EPS for the current year.

Insiders Place Their Bets

In other Kemper news, Director Gerald Laderman bought 5,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $61.01 per share, with a total value of $305,050.00. Following the purchase, the director now owns 16,700 shares in the company, valued at approximately $1,018,867. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kemper

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB boosted its position in shares of Kemper by 20.5% in the fourth quarter. Handelsbanken Fonder AB now owns 10,573 shares of the insurance provider’s stock worth $515,000 after buying an additional 1,800 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kemper by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,441,496 shares of the insurance provider’s stock worth $118,827,000 after buying an additional 83,618 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Kemper by 5.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 260,290 shares of the insurance provider’s stock valued at $12,668,000 after buying an additional 14,080 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Kemper by 872.8% during the first quarter. International Assets Investment Management LLC now owns 88,025 shares of the insurance provider’s stock valued at $5,451,000 after acquiring an additional 78,976 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Kemper in the fourth quarter worth about $873,000. 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.