Kemper Corp (KMPR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its stake in Kemper Corp (NYSE:KMPR) by 58.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,717 shares of the insurance provider’s stock after selling 65,753 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Kemper worth $3,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Channing Capital Management LLC purchased a new position in shares of Kemper in the second quarter worth about $51,829,000. United Services Automobile Association lifted its stake in shares of Kemper by 243.0% in the second quarter. United Services Automobile Association now owns 690,463 shares of the insurance provider’s stock worth $14,741,000 after buying an additional 489,142 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Kemper by 59.2% in the second quarter. Victory Capital Management Inc. now owns 895,651 shares of the insurance provider’s stock worth $67,756,000 after buying an additional 333,172 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kemper by 17.4% in the second quarter. Bank of New York Mellon Corp now owns 1,201,787 shares of the insurance provider’s stock worth $90,916,000 after buying an additional 178,354 shares in the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in shares of Kemper in the second quarter worth about $10,495,000. Institutional investors and hedge funds own 50.51% of the company’s stock.

NYSE:KMPR opened at $75.10 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.91 billion, a PE ratio of 45.79 and a beta of 1.15. Kemper Corp has a twelve month low of $50.85 and a twelve month high of $87.00.

In other Kemper news, VP Carl Thomas Jr. Evans sold 2,000 shares of Kemper stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $78.70, for a total transaction of $157,400.00. Following the transaction, the vice president now directly owns 965 shares of the company’s stock, valued at $75,945.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George N. Cochran bought 500 shares of Kemper stock in a transaction on Wednesday, September 12th. The shares were purchased at an average cost of $83.55 per share, for a total transaction of $41,775.00. Following the completion of the purchase, the director now directly owns 9,428 shares of the company’s stock, valued at $787,709.40. The disclosure for this purchase can be found here. Company insiders own 0.92% of the company’s stock.

Several research firms have recently weighed in on KMPR. Zacks Investment Research downgraded shares of Kemper from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine downgraded shares of Kemper from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Keefe, Bruyette & Woods began coverage on shares of Kemper in a research note on Thursday. They issued a “market perform” rating and a $80.00 price target on the stock. Finally, Sandler O’Neill raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Kemper currently has a consensus rating of “Hold” and a consensus target price of $84.00.

About Kemper

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.

See Also: Hedge Funds – Risk or Reward?

Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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.


Leave a Reply