Kemper Corp. Major Shareholder Unloads $12,860,250 in Stock (KMPR)
Kemper Corp. (NASDAQ:KMPR) major shareholder Singleton Group Llc sold 325,000 shares of Kemper Corp. stock on the open market in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $39.57, for a total value of $12,860,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Kemper Corp. (NASDAQ:KMPR) traded down 2.34% on Wednesday, hitting $38.83. 306,765 shares of the company’s stock traded hands. Kemper Corp. has a 52-week low of $30.04 and a 52-week high of $41.31. The stock has a 50-day moving average of $39. and a 200-day moving average of $36.44. The company has a market cap of $2.162 billion and a price-to-earnings ratio of 14.02.
Kemper Corp. (NASDAQ:KMPR) last released its earnings data on Friday, November 1st. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.28. The company had revenue of $635.70 million for the quarter, compared to the consensus estimate of $585.30 million. During the same quarter last year, the company posted $0.42 earnings per share. Kemper Corp.’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Kemper Corp. will post $2.51 earnings per share for the current fiscal year.
A number of research firms have recently commented on KMPR. Analysts at Sandler O’Neill raised their price target on shares of Kemper Corp. from $42.00 to $46.00 in a research note to investors on Monday, December 16th.
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