Kemper (NYSE:KMPR) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Kemper (NYSE:KMPR) from a hold rating to a strong-buy rating in a research report released on Friday, Zacks.com reports. They currently have $85.00 target price on the insurance provider’s stock.

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. “

Other equities analysts have also issued research reports about the stock. William Blair lowered shares of Kemper from an outperform rating to a market perform rating in a report on Thursday, August 22nd. ValuEngine upgraded shares of Kemper from a sell rating to a hold rating in a research note on Tuesday, October 29th. Finally, UBS Group began coverage on shares of Kemper in a research note on Monday, September 9th. They issued a buy rating and a $87.00 target price on the stock. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $84.67.

KMPR stock traded up $0.53 during trading on Friday, reaching $74.52. The stock had a trading volume of 283,915 shares, compared to its average volume of 338,103. Kemper has a 1-year low of $61.57 and a 1-year 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. The company has a market capitalization of $4.93 billion, a P/E ratio of 17.05 and a beta of 1.21. The firm has a fifty day moving average price of $74.99 and a 200 day moving average price of $81.15.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Kemper’s previous quarterly dividend of $0.25. Kemper’s dividend payout ratio is 22.88%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its stake in Kemper by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,250 shares of the insurance provider’s stock worth $971,000 after acquiring an additional 150 shares during the period. Strs Ohio grew its position in Kemper by 4.0% in the 3rd quarter. Strs Ohio now owns 3,947 shares of the insurance provider’s stock worth $307,000 after purchasing an additional 151 shares during the last quarter. Securian Asset Management Inc grew its position in Kemper by 2.1% in the 2nd quarter. Securian Asset Management Inc now owns 7,506 shares of the insurance provider’s stock worth $648,000 after purchasing an additional 154 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Kemper by 29.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 772 shares of the insurance provider’s stock worth $60,000 after purchasing an additional 177 shares during the last quarter. Finally, Skyline Asset Management LP grew its position in Kemper by 0.3% in the 3rd quarter. Skyline Asset Management LP now owns 65,230 shares of the insurance provider’s stock worth $5,085,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors 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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