Kemper (NYSE:KMPR) Stock Price Expected to Rise, TD Cowen Analyst Says

Kemper (NYSE:KMPR) had its price objective lifted by stock analysts at TD Cowen from $72.00 to $84.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. TD Cowen’s target price points to a potential upside of 19.66% from the company’s previous close.

A number of other equities research analysts have also recently commented on KMPR. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. JMP Securities reissued a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. UBS Group lifted their target price on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Raymond James increased their price target on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a report on Thursday, August 8th. Finally, Piper Sandler boosted their price objective on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kemper presently has an average rating of “Buy” and a consensus target price of $79.00.

Kemper Stock Down 0.5 %

NYSE:KMPR traded down $0.33 during mid-day trading on Tuesday, hitting $70.20. 37,871 shares of the company’s stock were exchanged, compared to its average volume of 374,738. The company has a market cap of $4.50 billion, a PE ratio of 16.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. Kemper has a one year low of $40.93 and a one year high of $71.57. The business has a fifty day moving average price of $62.90 and a 200 day moving average price of $61.41.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. The firm had revenue of $1.18 billion during 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 business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned ($0.44) earnings per share. Equities analysts predict that Kemper will post 5.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westfield Capital Management Co. LP raised its stake in Kemper by 81.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after buying an additional 375,324 shares during the last quarter. Khrom Capital Management LLC increased its position in Kemper by 414.0% during the first quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock valued at $26,332,000 after acquiring an additional 342,519 shares during the last quarter. Millennium Management LLC increased its position in Kemper by 1,336.4% during the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after acquiring an additional 317,212 shares during the last quarter. Lighthouse Investment Partners LLC lifted its holdings in Kemper by 815.0% in the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after acquiring an additional 268,569 shares during the period. Finally, AQR Capital Management LLC boosted its position in Kemper by 254.1% in the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock worth $20,398,000 after purchasing an additional 251,036 shares during the last quarter. 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.