In a report released today, Paul Newsome from Piper Sandler maintained a Buy rating on Kemper (KMPR – Research Report), with a price target of $56.00. The company’s shares closed yesterday at $48.29.
Newsome covers the Financial sector, focusing on stocks such as Kemper, Allstate, and American International Group. According to TipRanks, Newsome has an average return of 8.5% and a 68.04% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kemper with a $62.50 average price target.
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Based on Kemper’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.2 billion and a GAAP net loss of $146.3 million. In comparison, last year the company earned a revenue of $1.36 billion and had a GAAP net loss of $74.8 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KMPR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kemper (KMPR) Company Description:
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. The Preferred Property and Casualty Insurance segment sells automobile, homeowners, and other personal insurance. The Life and Health Insurance segment provides financial security for loved ones, as well as financial protection from healthcare. The company was founded in 1967 and is headquartered in Chicago, IL.
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