Victory Capital Management Inc. increased its position in Kemper Corp (NYSE:KMPR) by 89.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,700,173 shares of the insurance provider’s stock after buying an additional 804,522 shares during the period. Victory Capital Management Inc. owned 2.63% of Kemper worth $136,779,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank acquired a new position in Kemper in the third quarter worth approximately $105,000. James Investment Research Inc. acquired a new position in Kemper in the second quarter worth approximately $153,000. Community Financial Services Group LLC acquired a new position in Kemper in the third quarter worth approximately $201,000. Gateway Investment Advisers LLC acquired a new position in Kemper in the second quarter worth approximately $214,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Kemper in the second quarter worth approximately $217,000. Hedge funds and other institutional investors own 50.51% of the company’s stock.
In other Kemper news, VP Carl Thomas Jr. Evans sold 2,000 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $78.70, for a total transaction of $157,400.00. Following the transaction, the vice president now owns 965 shares in the company, valued at $75,945.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Michael Boschelli sold 20,250 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $76.50, for a total value of $1,549,125.00. Following the transaction, the senior vice president now owns 20,789 shares in the company, valued at approximately $1,590,358.50. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.
Shares of KMPR stock opened at $75.10 on Friday. Kemper Corp has a 12 month low of $50.85 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 24.25 and a beta of 1.11.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Kemper from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine downgraded Kemper from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Keefe, Bruyette & Woods began coverage on Kemper in a report on Thursday. They set a “market perform” rating and a $80.00 price target on the stock. Finally, Sandler O’Neill upgraded Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Kemper has an average rating of “Hold” and a consensus target price of $84.00.
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. 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.
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