Stevens Capital Management LP lifted its holdings in shares of Kemper Corp (NYSE:KMPR) by 170.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,063 shares of the insurance provider’s stock after buying an additional 7,595 shares during the period. Stevens Capital Management LP’s holdings in Kemper were worth $918,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in KMPR. Hsbc Holdings PLC grew its holdings in Kemper by 4.6% in the 4th quarter. Hsbc Holdings PLC now owns 4,210 shares of the insurance provider’s stock valued at $280,000 after buying an additional 186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kemper by 7.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,775 shares of the insurance provider’s stock valued at $251,000 after buying an additional 278 shares in the last quarter. Enlightenment Research LLC purchased a new stake in Kemper in the 4th quarter valued at $27,000. Arizona State Retirement System grew its holdings in Kemper by 1.1% in the 4th quarter. Arizona State Retirement System now owns 43,683 shares of the insurance provider’s stock valued at $2,900,000 after buying an additional 470 shares in the last quarter. Finally, Oakbrook Investments LLC grew its holdings in Kemper by 13.5% in the 1st quarter. Oakbrook Investments LLC now owns 4,200 shares of the insurance provider’s stock valued at $320,000 after buying an additional 500 shares in the last quarter. 68.73% of the stock is owned by institutional investors and hedge funds.
KMPR opened at $86.48 on Thursday. Kemper Corp has a 12-month low of $61.57 and a 12-month high of $91.97. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.33. The stock has a market cap of $5.54 billion, a P/E ratio of 19.79 and a beta of 1.22.
Kemper (NYSE:KMPR) last posted its earnings results on Monday, April 29th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.02. Kemper had a return on equity of 10.47% and a net margin of 6.83%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company earned $1.10 EPS. Kemper’s revenue was up 78.4% on a year-over-year basis. Equities analysts forecast that Kemper Corp will post 5.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, May 10th. Kemper’s payout ratio is 22.88%.
KMPR has been the subject of a number of research analyst reports. ValuEngine upgraded Kemper from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research raised Kemper from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Thursday, April 25th. Finally, JMP Securities increased their target price on Kemper from $78.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Kemper currently has a consensus rating of “Buy” and an average target price of $86.00.
In related news, SVP John Michael Boschelli sold 14,336 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $90.48, for a total transaction of $1,297,121.28. Following the transaction, the senior vice president now owns 23,560 shares of the company’s stock, valued at approximately $2,131,708.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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