Kemper (NYSE:KMPR) Upgraded to “Strong-Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Kemper (NYSE:KMPR) from a hold rating to a strong-buy rating in a report issued on Friday morning, Zacks.com reports. Zacks Investment Research currently has $85.00 price target 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. “

A number of other research firms also recently issued reports on KMPR. ValuEngine upgraded shares of Kemper from a sell rating to a hold rating in a research report on Tuesday, October 29th. UBS Group started coverage on shares of Kemper in a research report on Monday, September 9th. They set a buy rating and a $87.00 price target for the company. Finally, William Blair downgraded shares of Kemper from an outperform rating to a market perform rating in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kemper currently has a consensus rating of Buy and a consensus price target of $84.67.

Shares of KMPR stock traded up $0.53 during midday trading on Friday, reaching $74.52. 283,915 shares of the company traded hands, compared to its average volume of 338,103. The firm’s 50 day simple moving average is $74.99 and its two-hundred day simple moving average is $81.15. Kemper has a 1-year low of $61.57 and a 1-year high of $91.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.24 and a quick ratio of 0.27. The firm has a market cap of $4.93 billion, a PE ratio of 17.05 and a beta of 1.21.

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

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

Institutional investors have recently modified their holdings of the stock. Goelzer Investment Management Inc. grew its stake in Kemper by 2.2% in the 3rd quarter. Goelzer Investment Management Inc. now owns 25,642 shares of the insurance provider’s stock worth $1,999,000 after acquiring an additional 545 shares during the period. First Trust Advisors LP grew its stake in Kemper by 280.0% in the 3rd quarter. First Trust Advisors LP now owns 260,352 shares of the insurance provider’s stock worth $20,294,000 after acquiring an additional 191,837 shares during the period. First National Bank of Omaha purchased a new stake in Kemper in the 3rd quarter worth approximately $277,000. Keybank National Association OH purchased a new stake in Kemper in the 3rd quarter worth approximately $686,000. Finally, First Mercantile Trust Co. grew its stake in Kemper by 44.8% in the 3rd quarter. First Mercantile Trust Co. now owns 4,979 shares of the insurance provider’s stock worth $388,000 after acquiring an additional 1,541 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Kemper Company Profile

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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