Kemper Corp (KMPR) is Downgraded by Sandler O’Neill to Hold

Kemper Corp (KMPR) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Kemper Corp. Kemper Corp was Upgraded by Sandler O’Neill to ” Buy” on Feb 18, 2016.

On the company’s financial health, Kemper Corp reported $-0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.05. The company had revenue of $611.30 million for the quarter, compared to analysts expectations of $588.78 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Kemper Corp opened for trading at $31 and hit $32.74 on the upside on Friday, eventually ending the session at $31.48, with a gain of 1.52% or 0.47 points. The heightened volatility saw the trading volume jump to 2,16,221 shares. Company has a market cap of $1,610 M.

In a different news, on Feb 23, 2016, George N Cochran (director) purchased 500 shares at $27.10 per share price. According to the SEC, on Feb 19, 2016, Robert Joseph Joyce (director) purchased 2,000 shares at $25.61 per share price. On Aug 20, 2015, John Michael Boschelli (VP & Chief Investment Officer) sold 5,000 shares at $38.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Kemper Corporation (Kemper) is a diversified insurance holding company with subsidiaries that provide automobile homeowners life health and other insurance products to individuals and businesses. Through its subsidiaries the Company is engaged in the property and casualty insurance and life and health insurance businesses. It operates in two segments. The Property & Casualty Insurance segment’s products include personal automobile insurance both standard and nonstandard risks homeowners insurance other personal insurance and commercial automobile insurance. These products are primarily distributed through independent agents employer-sponsored voluntary benefit programs and other affinity relationships. The Life & Health Insurance segment’s products include individual life accident health and property insurance. These products are distributed by career agents employed by the Company as well as exclusive and non-exclusive independent agents and brokers.

Kemper Corp

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