Kemper downgraded to Underperform from Market Perform at William Blair

William Blair downgraded Kemper (KMPR) to Underperform from Market Perform without a price target The firm cut its near-term view on the auto insurance sector. Recent conversations with market participants suggest that auto fundamentals have begun to materially deteriorate in the last few months, the analyst tells investors in a research note. William Blair believes this will drive rising loss ratios and lower earnings in the back half of 2026. The stocks in the group will likely struggle to outperform in the next 12 months, the firm contends.