Commonwealth Equity Services Inc decreased its holdings in Kemper Corporation (NYSE:KMPR) by 59.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,510 shares of the insurance provider’s stock after selling 6,710 shares during the period. Commonwealth Equity Services Inc’s holdings in Kemper were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in KMPR. Fiduciary Trust Co. purchased a new stake in shares of Kemper in the second quarter valued at approximately $122,000. LS Investment Advisors LLC boosted its holdings in Kemper by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 580 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in Kemper by 75.3% during the second quarter. Flinton Capital Management LLC now owns 4,828 shares of the insurance provider’s stock valued at $186,000 after acquiring an additional 2,074 shares during the period. Riverhead Capital Management LLC raised its position in Kemper by 78.8% in the second quarter. Riverhead Capital Management LLC now owns 4,828 shares of the insurance provider’s stock worth $186,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Kemper by 0.9% during the second quarter. Amalgamated Bank now owns 5,758 shares of the insurance provider’s stock worth $222,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 57.74% of the company’s stock.
A number of brokerages have issued reports on KMPR. Zacks Investment Research cut shares of Kemper from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Finally, ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.50.
Kemper (NYSE:KMPR) last issued its earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.57. Kemper had a net margin of 4.32% and a return on equity of 4.47%. The business had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. During the same period in the prior year, the firm earned ($0.40) earnings per share. Kemper’s revenue was up 7.7% on a year-over-year basis. analysts expect that Kemper Corporation will post 1.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Monday, November 13th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, November 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.40%. Kemper’s dividend payout ratio (DPR) is presently 43.24%.
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Kemper Company 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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