Kemper Corp (KMPR) Receives Consensus Recommendation of “Buy” from Analysts
Kemper Corp (NYSE:KMPR) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $67.50.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a research report on Thursday, January 18th. ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cutler Group LP purchased a new position in shares of Kemper during the fourth quarter worth approximately $111,000. Fiduciary Trust Co. purchased a new position in Kemper in the 4th quarter valued at $217,000. Linscomb & Williams Inc. purchased a new position in Kemper in the 4th quarter valued at $224,000. Invictus RG purchased a new position in Kemper in the 3rd quarter valued at $207,000. Finally, Flinton Capital Management LLC grew its position in Kemper by 75.3% in the 2nd quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after buying an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.
Kemper (NYSE:KMPR) last announced its earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.57. The business had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. Kemper had a net margin of 4.32% and a return on equity of 4.47%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share. analysts expect that Kemper will post 1.37 earnings per share for the current fiscal year.
Kemper Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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