Russell Investments Group Ltd. Has $19.07 Million Holdings in Kemper Corp (KMPR)

Russell Investments Group Ltd. raised its stake in shares of Kemper Corp (NYSE:KMPR) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 237,054 shares of the insurance provider’s stock after acquiring an additional 6,142 shares during the quarter. Russell Investments Group Ltd.’s holdings in Kemper were worth $19,067,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in shares of Kemper by 17.4% during the second quarter. Bank of New York Mellon Corp now owns 1,201,787 shares of the insurance provider’s stock valued at $90,916,000 after acquiring an additional 178,354 shares during the period. Northern Trust Corp increased its stake in shares of Kemper by 12.6% in the second quarter. Northern Trust Corp now owns 902,891 shares of the insurance provider’s stock valued at $68,304,000 after buying an additional 101,207 shares in the last quarter. Victory Capital Management Inc. increased 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 valued at $67,756,000 after buying an additional 333,172 shares in the last quarter. United Services Automobile Association increased 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 valued at $14,741,000 after buying an additional 489,142 shares in the last quarter. Finally, Channing Capital Management LLC acquired a new stake in shares of Kemper in the second quarter valued at $51,829,000. 50.57% of the stock is owned by institutional investors.

Shares of NYSE:KMPR opened at $76.83 on Thursday. Kemper Corp has a twelve month low of $50.85 and a twelve month high of $87.00. The firm has a market capitalization of $4.97 billion, a PE ratio of 46.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.27 and a quick ratio of 0.24.

Kemper (NYSE:KMPR) last announced its earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.39. Kemper had a return on equity of 9.56% and a net margin of 6.63%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 73.2% compared to the same quarter last year. Equities analysts anticipate that Kemper Corp will post 4.44 earnings per share for the current year.

KMPR has been the subject of a number of research reports. Zacks Investment Research lowered Kemper from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. ValuEngine lowered Kemper from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Sandler O’Neill upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods initiated coverage on Kemper in a research note on Thursday, November 1st. They issued a “market perform” rating and a $80.00 target price for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.

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

COPYRIGHT VIOLATION WARNING: “Russell Investments Group Ltd. Has $19.07 Million Holdings in Kemper Corp (KMPR)” was first posted by WKRB News and is the property of of WKRB News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.wkrb13.com/2018/11/08/russell-investments-group-ltd-has-19-07-million-holdings-in-kemper-corp-kmpr.html.

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.

See Also: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding KMPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kemper Corp (NYSE:KMPR).

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