MERIAN GLOBAL INVESTORS UK Ltd reduced its stake in Kemper Corp (NYSE:KMPR) by 44.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,886 shares of the insurance provider’s stock after selling 132,475 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Kemper were worth $13,345,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Wells Fargo & Company MN grew its position in shares of Kemper by 35.6% in the 1st quarter. Wells Fargo & Company MN now owns 99,914 shares of the insurance provider’s stock worth $5,695,000 after buying an additional 26,234 shares during the last quarter. Sei Investments Co. grew its position in shares of Kemper by 5,571.7% in the 1st quarter. Sei Investments Co. now owns 5,615 shares of the insurance provider’s stock worth $321,000 after buying an additional 5,516 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Kemper by 18.5% in the 1st quarter. OppenheimerFunds Inc. now owns 14,220 shares of the insurance provider’s stock worth $811,000 after buying an additional 2,225 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Kemper by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 214,511 shares of the insurance provider’s stock worth $12,227,000 after buying an additional 6,888 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Kemper by 127.2% in the 1st quarter. Allianz Asset Management GmbH now owns 23,130 shares of the insurance provider’s stock worth $1,318,000 after buying an additional 12,950 shares during the last quarter. 51.58% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on KMPR shares. Zacks Investment Research lowered Kemper from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine lowered Kemper from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd.
In other Kemper news, SVP John Michael Boschelli sold 20,250 shares of Kemper stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $76.50, for a total transaction of $1,549,125.00. Following the completion of the transaction, the senior vice president now owns 20,789 shares in the company, valued at $1,590,358.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George N. Cochran acquired 500 shares of the stock in a transaction on Wednesday, September 12th. The shares were bought at an average price of $83.55 per share, with a total value of $41,775.00. Following the purchase, the director now directly owns 9,428 shares of the company’s stock, valued at approximately $787,709.40. The disclosure for this purchase can be found here. Insiders own 0.92% of the company’s stock.
NYSE KMPR opened at $73.85 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Kemper Corp has a twelve month low of $50.85 and a twelve month high of $87.00. The company has a market cap of $4.78 billion, a P/E ratio of 23.83 and a beta of 1.15.
Kemper (NYSE:KMPR) last released its quarterly earnings results on Monday, July 30th. The insurance provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Kemper had a return on equity of 7.80% and a net margin of 6.24%. The company had revenue of $741.90 million for the quarter, compared to analyst estimates of $706.27 million. During the same period in the previous year, the company posted $0.71 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Research analysts predict that Kemper Corp will post 4.42 EPS for the current fiscal year.
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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