Kemper (NYSE:KMPR) Rating Lowered to Sell at Wall Street Zen

Kemper (NYSE:KMPR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other analysts also recently weighed in on the company. William Blair downgraded Kemper from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 18th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Piper Sandler lowered their price objective on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th. UBS Group set a $56.00 target price on shares of Kemper in a research note on Monday. Finally, Citizens Jmp downgraded shares of Kemper from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $56.50.

Kemper Stock Down 0.9%

Shares of NYSE KMPR opened at $32.08 on Friday. Kemper has a 1 year low of $30.05 and a 1 year high of $69.83. The firm has a 50-day simple moving average of $38.77 and a two-hundred day simple moving average of $45.15. The company has a market cap of $1.88 billion, a P/E ratio of 14.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.19.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.60). Kemper had a return on equity of 8.02% and a net margin of 2.99%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts anticipate that Kemper will post 6.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KMPR. Integrated Wealth Concepts LLC lifted its stake in shares of Kemper by 39.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 1,406 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Kemper by 16.2% in the first quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock worth $37,288,000 after purchasing an additional 77,764 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Kemper during the first quarter valued at about $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kemper by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock valued at $13,253,000 after buying an additional 9,008 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Kemper by 112.7% in the 1st quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock worth $703,000 after buying an additional 5,573 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.