Russell Investments Group Ltd. increased its holdings in Kemper Corp (NYSE:KMPR) by 54.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,101 shares of the insurance provider’s stock after acquiring an additional 106,599 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.59% of Kemper worth $17,333,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Cambria Investment Management L.P. acquired a new position in shares of Kemper in the 1st quarter valued at $216,000. Foresters Investment Management Company Inc. acquired a new position in Kemper in the 1st quarter valued at $4,874,000. Fayez Sarofim & Co increased its stake in Kemper by 0.8% in the 1st quarter. Fayez Sarofim & Co now owns 1,031,987 shares of the insurance provider’s stock valued at $58,823,000 after buying an additional 8,120 shares during the period. Sather Financial Group Inc acquired a new position in Kemper in the 1st quarter valued at $416,000. Finally, Federated Investors Inc. PA increased its stake in Kemper by 234.1% in the 1st quarter. Federated Investors Inc. PA now owns 205,445 shares of the insurance provider’s stock valued at $11,710,000 after buying an additional 143,958 shares during the period. 62.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kemper opened at $78.65 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 47.96 and a beta of 1.08. Kemper Corp has a 1 year low of $36.35 and a 1 year high of $82.53.
Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, April 30th. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.41. The company had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $688.45 million. Kemper had a net margin of 6.33% and a return on equity of 7.06%. Kemper’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. equities research analysts expect that Kemper Corp will post 4.34 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. Kemper’s dividend payout ratio (DPR) is presently 58.54%.
In related news, Director George N. Cochran purchased 500 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were acquired at an average cost of $68.55 per share, with a total value of $34,275.00. Following the purchase, the director now directly owns 8,508 shares in the company, valued at approximately $583,223.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.92% of the company’s stock.
KMPR has been the topic of several recent research reports. ValuEngine raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. William Blair raised shares of Kemper from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research raised shares of Kemper from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a research note on Thursday, May 3rd. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Kemper presently has an average rating of “Strong Buy” and an average price target of $67.50.
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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