Kemper Corp (KMPR) Stake Raised by Comerica Bank

Comerica Bank increased its holdings in Kemper Corp (NYSE:KMPR) by 4.6% in the third quarter, 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.

KMPR stock opened at $73.38 on Friday. Kemper Corp has a 12-month low of $50.85 and a 12-month high of $87.00. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 44.74 and a beta of 1.11.

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.

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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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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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