Vanguard Group Inc. boosted its position in shares of Kemper Corporation (NYSE:KMPR) by 5.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,459,695 shares of the insurance provider’s stock after buying an additional 185,850 shares during the period. Vanguard Group Inc. owned 6.74% of Kemper Corporation worth $138,041,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of KMPR. Two Sigma Investments LP bought a new position in Kemper Corporation during the fourth quarter valued at approximately $297,000. Bank of Montreal Can raised its position in Kemper Corporation by 3.5% in the first quarter. Bank of Montreal Can now owns 12,298 shares of the insurance provider’s stock valued at $491,000 after buying an additional 420 shares during the period. Norges Bank bought a new position in Kemper Corporation during the fourth quarter valued at approximately $24,411,000. Capstone Asset Management Co. raised its position in Kemper Corporation by 7.2% in the first quarter. Capstone Asset Management Co. now owns 7,262 shares of the insurance provider’s stock valued at $290,000 after buying an additional 490 shares during the period. Finally, First Mercantile Trust Co. raised its position in Kemper Corporation by 8.6% in the first quarter. First Mercantile Trust Co. now owns 12,700 shares of the insurance provider’s stock valued at $507,000 after buying an additional 1,010 shares during the period. Hedge funds and other institutional investors own 55.00% of the company’s stock.
Shares of Kemper Corporation (KMPR) traded up 1.24% during mid-day trading on Friday, hitting $49.05. The stock had a trading volume of 203,439 shares. Kemper Corporation has a one year low of $35.30 and a one year high of $50.00. The firm’s 50 day moving average price is $41.87 and its 200-day moving average price is $40.78. The company has a market cap of $2.52 billion, a PE ratio of 49.45 and a beta of 1.11.
Kemper Corporation (NYSE:KMPR) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.23. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The company had revenue of $684.40 million during the quarter, compared to analysts’ expectations of $641.20 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Kemper Corporation will post $1.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, August 10th. Kemper Corporation’s dividend payout ratio (DPR) is 97.96%.
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KMPR has been the topic of several research reports. TheStreet raised Kemper Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. BidaskClub raised Kemper Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research raised Kemper Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $55.50.
About Kemper Corporation
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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