Meeder Asset Management Inc. cut its holdings in shares of Kemper Corp (NYSE:KMPR) by 41.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 736 shares of the insurance provider’s stock after selling 526 shares during the period. Meeder Asset Management Inc.’s holdings in Kemper were worth $56,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in shares of Kemper by 15.0% in the third quarter. Bank of New York Mellon Corp now owns 1,382,105 shares of the insurance provider’s stock worth $111,191,000 after acquiring an additional 180,318 shares during the last quarter. FMR LLC purchased a new stake in shares of Kemper during the third quarter valued at $143,000. JPMorgan Chase & Co. boosted its position in shares of Kemper by 65.3% during the third quarter. JPMorgan Chase & Co. now owns 162,236 shares of the insurance provider’s stock valued at $13,051,000 after buying an additional 64,078 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Kemper during the third quarter valued at $241,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Kemper during the third quarter valued at $175,000. 68.73% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the company. ValuEngine raised Kemper from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Kemper from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, February 5th. Finally, JMP Securities increased their price objective on Kemper from $78.00 to $82.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Kemper currently has an average rating of “Buy” and a consensus price target of $86.00.
Shares of Kemper stock traded up $0.94 during trading on Wednesday, hitting $87.95. 176,085 shares of the company’s stock traded hands, compared to its average volume of 246,199. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.23 and a quick ratio of 0.23. Kemper Corp has a 1 year low of $61.57 and a 1 year high of $91.97. The stock has a market capitalization of $5.63 billion, a PE ratio of 20.13 and a beta of 1.22.
Kemper (NYSE:KMPR) last announced its earnings results on Monday, April 29th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a return on equity of 10.47% and a net margin of 6.83%. The business’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. As a group, sell-side analysts expect that Kemper Corp will post 5.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.25 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 1.14%. Kemper’s payout ratio is 22.88%.
In other Kemper news, SVP John Michael Boschelli sold 14,336 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $90.48, for a total value of $1,297,121.28. Following the transaction, the senior vice president now directly owns 23,560 shares of the company’s stock, valued at $2,131,708.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
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.
Read More: How to Invest in Marijuana Stocks
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.