Kemper (NYSE:KMPR) Stock Rating Reaffirmed by JMP Securities

Kemper (NYSE:KMPR – Get Rating)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $85.00 target price on the insurance provider’s stock. JMP Securities’ price objective suggests a potential upside of 52.11% from the company’s previous close.

Other analysts have also issued reports about the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $56.00 target price on shares of Kemper in a research report on Friday, March 10th. Piper Sandler boosted their target price on Kemper from $48.00 to $50.00 in a research note on Tuesday, January 10th. Finally, Raymond James upgraded Kemper from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $60.00 to $80.00 in a research note on Tuesday, February 7th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kemper currently has a consensus rating of “Moderate Buy” and an average target price of $67.75.

Kemper Stock Down 3.7 %

Shares of KMPR opened at $55.88 on Tuesday. The company has a market capitalization of $3.57 billion, a PE ratio of -12.29 and a beta of 0.91. Kemper has a 12 month low of $40.65 and a 12 month high of $68.15. The stock’s 50-day moving average price is $59.23 and its two-hundred day moving average price is $52.62. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.57.

Insider Transactions at Kemper

In related news, Director Alberto J. Paracchini acquired 500 shares of the stock in a transaction on Tuesday, February 14th. The stock was acquired at an average cost of $63.63 per share, for a total transaction of $31,815.00. Following the completion of the acquisition, the director now directly owns 1,065 shares of the company’s stock, valued at approximately $67,765.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Kemper news, Director Susan D. Whiting sold 1,000 shares of Kemper stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $66.54, for a total value of $66,540.00. Following the completion of the sale, the director now owns 9,098 shares of the company’s stock, valued at approximately $605,380.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alberto J. Paracchini bought 500 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was bought at an average cost of $63.63 per share, with a total value of $31,815.00. Following the transaction, the director now owns 1,065 shares in the company, valued at approximately $67,765.95. The disclosure for this purchase can be found here. 0.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. AlphaCrest Capital Management LLC lifted its stake in Kemper by 133.2% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 13,952 shares of the insurance provider’s stock worth $576,000 after purchasing an additional 7,970 shares in the last quarter. Comerica Bank grew its holdings in Kemper by 12.2% during the 3rd quarter. Comerica Bank now owns 55,956 shares of the insurance provider’s stock valued at $2,448,000 after purchasing an additional 6,095 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in Kemper by 48.5% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 70,756 shares of the insurance provider’s stock valued at $2,919,000 after purchasing an additional 23,118 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Kemper by 113.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 111,900 shares of the insurance provider’s stock valued at $5,360,000 after purchasing an additional 59,500 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Kemper by 16.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 43,126 shares of the insurance provider’s stock valued at $1,780,000 after buying an additional 5,967 shares during the period. Hedge funds and other institutional investors own 81.20% of the company’s stock.

About Kemper

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Kemper Corp. is a holding company, which engages in the property and casualty insurance, and life and health insurance businesses. It operates through the following segments: Specialty Property and Casualty Insurance, Preferred Property and Casualty Insurance, and Life and Health Insurance. The Specialty Property and Casualty Insurance segment provides personal and commercial automobile insurance.