Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kemper Corp (NYSE:KMPR) by 33.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,497 shares of the insurance provider’s stock after purchasing an additional 868 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kemper were worth $281,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Kemper in the 3rd quarter valued at $786,000. FMR LLC acquired a new stake in Kemper during the 3rd quarter worth about $143,000. American International Group Inc. grew its position in Kemper by 27.5% during the 3rd quarter. American International Group Inc. now owns 157,601 shares of the insurance provider’s stock worth $12,679,000 after purchasing an additional 33,995 shares during the period. BlackRock Inc. grew its position in Kemper by 31.9% during the 3rd quarter. BlackRock Inc. now owns 6,324,076 shares of the insurance provider’s stock worth $508,773,000 after purchasing an additional 1,528,614 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Kemper by 15.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,917 shares of the insurance provider’s stock worth $475,000 after purchasing an additional 802 shares during the period. Hedge funds and other institutional investors own 65.37% of the company’s stock.
In related news, Director George N. Cochran purchased 500 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were bought at an average cost of $83.55 per share, with a total value of $41,775.00. Following the transaction, the director now owns 9,428 shares of the company’s stock, valued at $787,709.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is currently owned by company insiders.
Shares of KMPR opened at $69.80 on Friday. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 18.66 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.27 and a current ratio of 0.27. Kemper Corp has a fifty-two week low of $50.85 and a fifty-two week high of $87.00.
Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.39. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a return on equity of 9.56% and a net margin of 6.63%. The firm’s revenue for the quarter was up 73.2% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, analysts expect that Kemper Corp will post 4.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Monday, November 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, November 16th. Kemper’s dividend payout ratio is currently 58.54%.
Several brokerages have weighed in on KMPR. Zacks Investment Research downgraded Kemper from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. 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 set a “market perform” rating and a $80.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $84.00.
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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