Kemper (NYSE:KMPR) Rating Increased to Strong-Buy at Zacks Investment Research

Kemper (NYSE:KMPR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The brokerage currently has a $85.00 target price on the insurance provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.06% from the stock’s current price.

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. “

KMPR has been the subject of a number of other reports. UBS Group initiated coverage on shares of Kemper in a research note on Monday, September 9th. They issued a “buy” rating and a $87.00 price target for the company. ValuEngine raised shares of Kemper from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, William Blair lowered shares of Kemper from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $84.67.

Kemper stock traded up $0.53 during midday trading on Friday, reaching $74.52. 283,915 shares of the stock traded hands, compared to its average volume of 338,103. The firm has a fifty day moving average price of $74.99 and a two-hundred day moving average price of $81.15. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 17.05 and a beta of 1.21. Kemper has a fifty-two week low of $61.57 and a fifty-two week high of $91.97. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24.

In other Kemper news, Director Robert Joseph Joyce bought 500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of $69.75 per share, for a total transaction of $34,875.00. Following the acquisition, the director now directly owns 12,196 shares of the company’s stock, valued at $850,671. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kimberly A. Holmes bought 2,600 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $75.35 per share, for a total transaction of $195,910.00. Following the completion of the acquisition, the executive vice president now directly owns 2,600 shares in the company, valued at $195,910. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its holdings in shares of Kemper by 972.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 622 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 564 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Kemper during the 2nd quarter worth approximately $51,000. Parallel Advisors LLC purchased a new position in Kemper during the 2nd quarter worth approximately $69,000. TRUE Private Wealth Advisors acquired a new stake in Kemper during the 2nd quarter valued at $75,000. Finally, FNY Investment Advisers LLC acquired a new stake in Kemper during the 2nd quarter valued at $80,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

About Kemper

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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