Bank of New York Mellon Corp Has $90.92 Million Holdings in Kemper Corp (KMPR)

Bank of New York Mellon Corp raised its stake in shares of Kemper Corp (NYSE:KMPR) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,201,787 shares of the insurance provider’s stock after buying an additional 178,354 shares during the quarter. Bank of New York Mellon Corp owned about 1.86% of Kemper worth $90,916,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. James Investment Research Inc. acquired a new stake in shares of Kemper during the second quarter worth $153,000. Gateway Investment Advisers LLC acquired a new stake in shares of Kemper during the second quarter worth $214,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kemper during the second quarter worth $217,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kemper during the second quarter worth $227,000. Finally, Fiduciary Trust Co. acquired a new stake in shares of Kemper during the second quarter worth $238,000. Hedge funds and other institutional investors own 50.57% of the company’s stock.

Shares of KMPR opened at $76.13 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.24 and a current ratio of 0.27. The firm has a market capitalization of $4.97 billion, a P/E ratio of 46.42 and a beta of 1.11. Kemper Corp has a twelve month low of $50.85 and a twelve month high of $87.00.

Kemper (NYSE:KMPR) last issued its earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.39. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a return on equity of 9.56% and a net margin of 6.63%. The business’s quarterly revenue was up 73.2% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. Equities research analysts expect that Kemper Corp will post 4.31 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 19th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 16th. Kemper’s dividend payout ratio (DPR) is currently 58.54%.

In related news, Director George N. Cochran acquired 500 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were bought at an average cost of $83.55 per share, with a total value of $41,775.00. Following the completion of the transaction, the director now directly owns 9,428 shares of the company’s stock, valued at approximately $787,709.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Carl Thomas Jr. Evans sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $78.70, for a total value of $157,400.00. Following the completion of the transaction, the vice president now directly owns 965 shares in the company, valued at $75,945.50. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Several research firms have recently issued reports on KMPR. Zacks Investment Research cut Kemper from a “buy” rating to a “hold” rating in a report on Friday, July 27th. ValuEngine lowered Kemper from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Sandler O’Neill raised Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods assumed coverage on Kemper in a research report on Thursday, November 1st. They issued a “market perform” rating and a $80.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $84.00.

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Kemper Company Profile

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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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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