Comerica Bank increased its holdings in Kemper Corp (NYSE:KMPR) by 4.6% in the third quarter, HoldingsChannel.com reports. The firm owned 38,325 shares of the insurance provider’s stock after purchasing an additional 1,673 shares during the period. Comerica Bank’s holdings in Kemper were worth $2,810,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. First Hawaiian Bank purchased a new stake in shares of Kemper in the third quarter valued at $105,000. James Investment Research Inc. purchased a new stake in shares of Kemper in the second quarter valued at $153,000. Synovus Financial Corp grew its position in shares of Kemper by 80.7% in the third quarter. Synovus Financial Corp now owns 2,241 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 1,001 shares during the period. Community Financial Services Group LLC purchased a new stake in shares of Kemper in the third quarter valued at $201,000. Finally, Signition LP purchased a new stake in shares of Kemper in the third quarter valued at $215,000. 60.23% of the stock is owned by institutional investors and hedge funds.
In related news, Director George N. Cochran bought 500 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was bought 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 directly owns 9,428 shares of the company’s stock, valued at $787,709.40. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.92% of the stock is owned by corporate insiders.
Kemper (NYSE:KMPR) last posted its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share (EPS) 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 73.2% compared to the same quarter last year. On average, research analysts anticipate that Kemper Corp will post 4.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 19th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, November 16th. Kemper’s payout ratio is 58.54%.
A number of brokerages have recently commented on KMPR. Zacks Investment Research downgraded Kemper from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. ValuEngine downgraded Kemper from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Sandler O’Neill raised Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods began coverage on Kemper in a research report on Thursday, November 1st. They issued a “market perform” rating and a $80.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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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