Piper Sandler Forecasts Strong Price Appreciation for Kemper (NYSE:KMPR) Stock

Kemper (NYSE:KMPR) had its target price upped by stock analysts at Piper Sandler from $83.00 to $86.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Piper Sandler’s target price suggests a potential upside of 25.52% from the company’s current price.

Several other equities analysts have also commented on the stock. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. TD Cowen lifted their target price on shares of Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Raymond James increased their price target on shares of Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $81.60.

Kemper Stock Up 3.8 %

KMPR opened at $68.52 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper has a twelve month low of $54.11 and a twelve month high of $73.01. The company has a market cap of $4.39 billion, a PE ratio of 16.31 and a beta of 0.88. The company has a 50-day moving average price of $66.62 and a 200 day moving average price of $64.42.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 12.03% and a net margin of 5.86%. Sell-side analysts expect that Kemper will post 5.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kemper

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Kemper by 32.2% during the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock valued at $48,000 after buying an additional 174 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Kemper by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider’s stock worth $597,000 after acquiring an additional 190 shares during the period. Atom Investors LP boosted its holdings in shares of Kemper by 1.1% in the third quarter. Atom Investors LP now owns 19,240 shares of the insurance provider’s stock worth $1,178,000 after buying an additional 208 shares during the last quarter. KBC Group NV increased its stake in shares of Kemper by 24.2% in the 3rd quarter. KBC Group NV now owns 2,050 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 400 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Kemper by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,036 shares of the insurance provider’s stock worth $430,000 after buying an additional 475 shares during the period. Institutional investors own 86.23% of the company’s stock.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.