Russell Investments Group Ltd. lifted its stake in shares of Kemper Corp (NYSE:KMPR) by 54.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 304,101 shares of the insurance provider’s stock after purchasing an additional 106,599 shares during the quarter. Russell Investments Group Ltd.’s holdings in Kemper were worth $17,333,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KMPR. Ceredex Value Advisors LLC purchased a new stake in shares of Kemper in the 1st quarter worth about $60,934,000. Federated Investors Inc. PA boosted its position in shares of Kemper by 234.1% in the 1st quarter. Federated Investors Inc. PA now owns 205,445 shares of the insurance provider’s stock worth $11,710,000 after buying an additional 143,958 shares in the last quarter. BlackRock Inc. boosted its position in shares of Kemper by 2.8% in the 4th quarter. BlackRock Inc. now owns 4,746,247 shares of the insurance provider’s stock worth $327,015,000 after buying an additional 128,035 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Kemper by 208.0% in the 1st quarter. Prudential Financial Inc. now owns 157,310 shares of the insurance provider’s stock worth $8,967,000 after buying an additional 106,230 shares in the last quarter. Finally, Foresters Investment Management Company Inc. purchased a new stake in shares of Kemper in the 1st quarter worth about $4,874,000. 62.82% of the stock is currently owned by institutional investors and hedge funds.
KMPR has been the topic of several recent research reports. ValuEngine upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. William Blair upgraded shares of Kemper from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a research report on Thursday, May 3rd. Two analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. The stock has an average rating of “Strong Buy” and a consensus target price of $67.50.
Kemper (NYSE:KMPR) last released its earnings results on Monday, April 30th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.41. The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $688.45 million. Kemper had a net margin of 6.33% and a return on equity of 7.06%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. analysts forecast that Kemper Corp will post 4.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Shareholders of record on Monday, May 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, May 11th. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. Kemper’s dividend payout ratio (DPR) is 58.54%.
In other news, Director George N. Cochran bought 500 shares of Kemper stock in a transaction on Wednesday, May 2nd. The shares were bought at an average cost of $68.55 per share, for a total transaction of $34,275.00. Following the acquisition, the director now owns 8,508 shares in the company, valued at $583,223.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% 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. 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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