BlackRock Inc. lessened its holdings in Kemper Corp (NYSE:KMPR) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,795,462 shares of the insurance provider’s stock after selling 40,662 shares during the period. BlackRock Inc. owned about 7.41% of Kemper worth $362,778,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. James Investment Research Inc. purchased a new position in shares of Kemper in the 2nd quarter valued at about $153,000. Gateway Investment Advisers LLC purchased a new position in shares of Kemper in the 2nd quarter valued at about $214,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Kemper in the 2nd quarter valued at about $227,000. Fiduciary Trust Co. purchased a new position in shares of Kemper in the 2nd quarter valued at about $238,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Kemper during the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 52.36% of the company’s stock.
Several research firms have commented on KMPR. ValuEngine lowered Kemper from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Zacks Investment Research lowered Kemper from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th.
In other news, VP Carl Thomas Jr. Evans sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $78.70, for a total transaction of $157,400.00. Following the transaction, the vice president now directly owns 965 shares in the company, valued at approximately $75,945.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP John Michael Boschelli sold 20,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $76.50, for a total value of $1,549,125.00. Following the transaction, the senior vice president now owns 20,789 shares in the company, valued at $1,590,358.50. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
NYSE:KMPR opened at $83.00 on Friday. Kemper Corp has a 12 month low of $49.05 and a 12 month high of $87.00. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 50.61 and a beta of 1.13.
Kemper (NYSE:KMPR) last posted its quarterly earnings data on Monday, July 30th. The insurance provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Kemper had a return on equity of 7.80% and a net margin of 6.24%. The company had revenue of $741.90 million during the quarter, compared to analyst estimates of $706.27 million. During the same period in the previous year, the business earned $0.71 EPS. Kemper’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts forecast that Kemper Corp will post 4.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Monday, August 13th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 10th. This represents a $0.96 annualized dividend and a yield of 1.16%. Kemper’s dividend payout ratio (DPR) is currently 58.54%.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.
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