Russell Investments Group Ltd. reduced its holdings in shares of Kemper Corp (NYSE:KMPR) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 395,374 shares of the insurance provider’s stock after selling 20,193 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.59% of Kemper worth $30,820,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of KMPR. Meeder Asset Management Inc. lifted its stake in Kemper by 190.9% in the second quarter. Meeder Asset Management Inc. now owns 2,141 shares of the insurance provider’s stock valued at $185,000 after buying an additional 1,405 shares during the period. Aperio Group LLC raised its stake in shares of Kemper by 3.1% during the 2nd quarter. Aperio Group LLC now owns 13,426 shares of the insurance provider’s stock valued at $1,158,000 after buying an additional 409 shares during the last quarter. Artemis Investment Management LLP raised its stake in shares of Kemper by 38.1% during the 2nd quarter. Artemis Investment Management LLP now owns 260,801 shares of the insurance provider’s stock valued at $21,973,000 after buying an additional 71,929 shares during the last quarter. Paloma Partners Management Co raised its stake in shares of Kemper by 2,177.7% during the 2nd quarter. Paloma Partners Management Co now owns 76,965 shares of the insurance provider’s stock valued at $6,641,000 after buying an additional 73,586 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Kemper by 365.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 68,851 shares of the insurance provider’s stock valued at $5,941,000 after acquiring an additional 54,065 shares during the period. 68.48% of the stock is owned by institutional investors.
Shares of KMPR stock opened at $73.99 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $75.07 and a 200 day moving average price of $81.21. The company has a market cap of $4.93 billion, a P/E ratio of 16.93 and a beta of 1.21. Kemper Corp has a 12 month low of $61.57 and a 12 month high of $91.97.
Kemper (NYSE:KMPR) last issued its earnings results on Monday, August 5th. The insurance provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.02. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Kemper had a net margin of 8.51% and a return on equity of 11.09%. The company’s revenue was up 71.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, equities analysts forecast that Kemper Corp will post 5.65 EPS for the current year.
In related news, EVP Kimberly A. Holmes acquired 2,600 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $75.35 per share, for a total transaction of $195,910.00. Following the completion of the purchase, the executive vice president now directly owns 2,600 shares of the company’s stock, valued at approximately $195,910. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Joseph Joyce acquired 500 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was bought at an average price of $69.75 per share, with a total value of $34,875.00. Following the purchase, the director now directly owns 12,196 shares of the company’s stock, valued at $850,671. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.
Several research analysts have recently weighed in on KMPR shares. Zacks Investment Research upgraded Kemper from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a report on Friday. ValuEngine raised Kemper from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. William Blair lowered Kemper from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Finally, UBS Group began coverage on Kemper in a research report on Monday, September 9th. They set a “buy” rating and a $87.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $84.67.
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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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