Westfield Capital Management Co. LP trimmed its holdings in shares of Kemper Corp (NYSE:KMPR) by 1.1% during the first quarter, Holdings Channel reports. The fund owned 533,862 shares of the insurance provider’s stock after selling 5,930 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Kemper were worth $40,648,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Enlightenment Research LLC purchased a new stake in shares of Kemper during the fourth quarter worth about $27,000. Quantamental Technologies LLC purchased a new stake in shares of Kemper during the first quarter worth about $146,000. NumerixS Investment Technologies Inc increased its position in shares of Kemper by 1,000.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 2,200 shares of the insurance provider’s stock worth $144,000 after acquiring an additional 2,000 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new stake in shares of Kemper during the first quarter worth about $190,000. Finally, SVA Plumb Wealth Management LLC purchased a new stake in shares of Kemper during the first quarter worth about $200,000. 67.33% of the stock is currently owned by institutional investors and hedge funds.
Kemper stock traded down $0.09 during midday trading on Friday, hitting $87.03. The stock had a trading volume of 1,182 shares, compared to its average volume of 305,004. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.33. The firm has a market cap of $5.81 billion, a P/E ratio of 20.01 and a beta of 1.25. Kemper Corp has a 12 month low of $61.57 and a 12 month high of $91.97.
Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.16 billion. Kemper had a return on equity of 10.47% and a net margin of 6.83%. Kemper’s quarterly revenue was up 78.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, equities research analysts anticipate that Kemper Corp will post 5.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, May 10th. Kemper’s dividend payout ratio is currently 22.88%.
In related news, SVP John Michael Boschelli sold 14,336 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $90.48, for a total value of $1,297,121.28. Following the completion of the sale, the senior vice president now directly owns 23,560 shares of the company’s stock, valued at $2,131,708.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.
A number of brokerages have recently issued reports on KMPR. ValuEngine raised Kemper from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Kemper from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Kemper currently has an average rating of “Buy” and an average price target of $86.00.
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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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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