BlackRock Inc. boosted its stake in shares of Kemper Corp (NYSE:KMPR) by 31.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,324,076 shares of the insurance provider’s stock after purchasing an additional 1,528,614 shares during the period. BlackRock Inc. owned approximately 9.77% of Kemper worth $508,773,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of KMPR. PNC Financial Services Group Inc. increased its position in shares of Kemper by 15.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,917 shares of the insurance provider’s stock worth $475,000 after acquiring an additional 802 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Kemper by 15.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,382,105 shares of the insurance provider’s stock valued at $111,191,000 after purchasing an additional 180,318 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Kemper by 12.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,975 shares of the insurance provider’s stock valued at $642,000 after purchasing an additional 863 shares in the last quarter. AXA acquired a new stake in Kemper during the 3rd quarter valued at $17,377,000. Finally, Alliancebernstein L.P. grew its holdings in Kemper by 30.4% during the 3rd quarter. Alliancebernstein L.P. now owns 83,883 shares of the insurance provider’s stock valued at $6,748,000 after purchasing an additional 19,578 shares in the last quarter. 65.37% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on KMPR shares. Sandler O’Neill raised shares of Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Zacks Investment Research lowered shares of Kemper from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, Keefe, Bruyette & Woods started coverage on shares of Kemper in a report on Thursday, November 1st. They set a “market perform” rating and a $80.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Kemper has a consensus rating of “Hold” and a consensus price target of $84.00.
KMPR opened at $69.80 on Friday. The firm has a market cap of $4.71 billion, a P/E ratio of 42.56 and a beta of 1.12. Kemper Corp has a twelve month low of $50.85 and a twelve month high of $87.00. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.37.
Kemper (NYSE:KMPR) last released its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.39. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.07 billion. Kemper had a net margin of 6.63% and a return on equity of 9.56%. The business’s revenue was up 73.2% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. Equities analysts forecast that Kemper Corp will post 4.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Monday, November 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, November 16th. Kemper’s payout ratio is 58.54%.
In other news, Director George N. Cochran purchased 500 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was acquired at an average cost of $83.55 per share, with a total value of $41,775.00. Following the acquisition, the director now owns 9,428 shares in the company, valued at $787,709.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.92% of the stock is currently owned by company insiders.
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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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