California Public Employees Retirement System decreased its holdings in shares of Kemper Corporation (NYSE:KMPR) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,600 shares of the insurance provider’s stock after selling 15,100 shares during the quarter. California Public Employees Retirement System owned about 0.26% of Kemper Corporation worth $5,196,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Fiduciary Trust Co. acquired a new position in Kemper Corporation during the second quarter valued at approximately $122,000. LS Investment Advisors LLC grew its holdings in Kemper Corporation by 18.1% during the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock valued at $146,000 after purchasing an additional 580 shares during the period. Riverhead Capital Management LLC grew its holdings in Kemper Corporation by 78.8% during the second quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 2,128 shares during the period. Jane Street Group LLC acquired a new position in Kemper Corporation during the first quarter valued at approximately $205,000. Finally, Amalgamated Bank grew its holdings in Kemper Corporation by 0.9% during the second quarter. Amalgamated Bank now owns 5,758 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 53 shares during the period. Institutional investors own 56.04% of the company’s stock.
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A number of brokerages recently issued reports on KMPR. Zacks Investment Research cut shares of Kemper Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub upgraded shares of Kemper Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 5th. Raymond James Financial, Inc. upgraded shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a report on Thursday, August 3rd. UBS AG upgraded shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, TheStreet upgraded shares of Kemper Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $55.50.
In related news, Director Susan D. Whiting acquired 1,000 shares of Kemper Corporation stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $49.06 per share, with a total value of $49,060.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $49,060. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.92% of the company’s stock.
Kemper Corporation (KMPR) opened at 60.75 on Friday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 61.24 and a beta of 1.11. The firm has a 50-day moving average of $53.62 and a 200-day moving average of $44.37. Kemper Corporation has a 52 week low of $35.30 and a 52 week high of $61.55.
Kemper Corporation (NYSE:KMPR) last released its earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.23. The business had revenue of $684.40 million during the quarter, compared to the consensus estimate of $641.20 million. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Equities analysts forecast that Kemper Corporation will post $1.39 earnings per share for the current year.
Kemper Corporation Profile
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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