Strs Ohio cut its position in Kemper Corp (NYSE:KMPR) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,000 shares of the insurance provider’s stock after selling 900 shares during the quarter. Strs Ohio’s holdings in Kemper were worth $1,598,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Kemper by 31.3% in the third quarter. Vanguard Group Inc. now owns 5,185,592 shares of the insurance provider’s stock worth $417,181,000 after buying an additional 1,236,313 shares during the last quarter. Vanguard Group Inc raised its stake in Kemper by 31.3% during the 3rd quarter. Vanguard Group Inc now owns 5,185,592 shares of the insurance provider’s stock valued at $417,181,000 after purchasing an additional 1,236,313 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Kemper by 6,538.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,628,832 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 1,604,294 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 during the last quarter. Finally, Norges Bank acquired a new position in Kemper during the 4th quarter valued at $53,014,000. Institutional investors own 68.73% of the company’s stock.
In related news, SVP John Michael Boschelli sold 14,336 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $90.48, for a total value of $1,297,121.28. Following the sale, the senior vice president now directly owns 23,560 shares in the company, valued at approximately $2,131,708.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.
NYSE:KMPR traded up $0.94 during mid-day trading on Wednesday, reaching $87.95. 176,085 shares of the company were exchanged, compared to its average volume of 246,199. Kemper Corp has a 12 month low of $61.57 and a 12 month high of $91.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.33. The firm has a market cap of $5.63 billion, a P/E ratio of 20.13 and a beta of 1.22.
Kemper (NYSE:KMPR) last released its earnings results on Monday, April 29th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. Kemper had a net margin of 6.83% and a return on equity of 10.47%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $1.10 EPS. The company’s revenue was up 78.4% compared to the same quarter last year. As a group, equities analysts predict that Kemper Corp will post 5.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. Kemper’s dividend payout ratio is 22.88%.
Several equities analysts recently commented on the stock. JMP Securities boosted their price target on shares of Kemper from $78.00 to $82.00 and gave the company a “market outperform” rating in a report on Tuesday, February 12th. ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Zacks Investment Research raised shares of Kemper from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.00.
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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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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