Bank of New York Mellon Corp decreased its stake in Kemper Corp (NYSE:KMPR) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 561,395 shares of the insurance provider’s stock after selling 32,262 shares during the period. Bank of New York Mellon Corp owned approximately 1.09% of Kemper worth $38,680,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of KMPR. Hennessy Advisors Inc. purchased a new stake in shares of Kemper in the fourth quarter worth about $32,245,000. State of Tennessee Treasury Department purchased a new stake in shares of Kemper in the third quarter worth about $5,300,000. Victory Capital Management Inc. boosted its position in shares of Kemper by 17.1% in the fourth quarter. Victory Capital Management Inc. now owns 485,087 shares of the insurance provider’s stock worth $33,422,000 after buying an additional 70,992 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Kemper in the fourth quarter worth about $3,519,000. Finally, Chicago Equity Partners LLC boosted its position in shares of Kemper by 47.0% in the fourth quarter. Chicago Equity Partners LLC now owns 72,745 shares of the insurance provider’s stock worth $5,012,000 after buying an additional 23,250 shares during the period. 58.47% of the stock is owned by institutional investors.
Kemper Corp (NYSE KMPR) opened at $58.80 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.28. Kemper Corp has a one year low of $36.35 and a one year high of $71.52. The company has a market capitalization of $3,030.00, a PE ratio of 23.43 and a beta of 1.10.
Several equities research analysts have recently weighed in on the company. William Blair raised Kemper from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded Kemper from a “hold” rating to a “strong-buy” rating and set a $80.00 price target on the stock in a research note on Thursday, January 18th. Finally, ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company. The stock currently has an average rating of “Strong Buy” and an average price target of $67.50.
WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/13/bank-of-new-york-mellon-corp-lowers-holdings-in-kemper-corp-kmpr.html.
Kemper Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
Receive News & Ratings for Kemper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper and related companies with MarketBeat.com's FREE daily email newsletter.