ValuEngine Lowers Kemper (NYSE:KMPR) to Sell

ValuEngine lowered shares of Kemper (NYSE:KMPR) from a hold rating to a sell rating in a report released on Tuesday, ValuEngine reports.

Several other equities analysts have also recently commented on the stock. William Blair cut shares of Kemper from an outperform rating to a market perform rating in a research report on Thursday, August 22nd. UBS Group began coverage on shares of Kemper in a research report on Monday, September 9th. They set a buy rating and a $87.00 price target on the stock. Finally, Zacks Investment Research raised shares of Kemper from a hold rating to a strong-buy rating and set a $85.00 price target on the stock in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Kemper currently has an average rating of Buy and an average price target of $84.67.

Shares of KMPR stock opened at $75.64 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.24 and a current ratio of 0.24. Kemper has a one year low of $61.57 and a one year high of $91.97. The company’s 50-day simple moving average is $73.81 and its 200-day simple moving average is $78.89. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 17.31 and a beta of 1.23.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $2.01 EPS for the quarter, topping the consensus estimate of $1.39 by $0.62. Kemper had a net margin of 8.51% and a return on equity of 11.09%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. As a group, research analysts forecast that Kemper will post 6.2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $0.28 per share. This is a boost from Kemper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.48%. Kemper’s dividend payout ratio (DPR) is presently 25.63%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in Kemper by 24.9% during the third quarter. Millennium Management LLC now owns 265,098 shares of the insurance provider’s stock worth $20,664,000 after acquiring an additional 52,798 shares during the period. Man Group plc raised its stake in Kemper by 475.3% during the third quarter. Man Group plc now owns 61,969 shares of the insurance provider’s stock worth $4,831,000 after acquiring an additional 51,198 shares during the period. Squarepoint Ops LLC raised its stake in Kemper by 477.5% during the third quarter. Squarepoint Ops LLC now owns 139,489 shares of the insurance provider’s stock worth $10,873,000 after acquiring an additional 115,333 shares during the period. Phocas Financial Corp. acquired a new stake in Kemper during the third quarter worth about $9,206,000. Finally, Sunbelt Securities Inc. acquired a new stake in Kemper during the third quarter worth about $491,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.

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