Credit Suisse AG Sells 10,392 Shares of Kemper Corporation (KMPR)
Credit Suisse AG cut its position in shares of Kemper Corporation (NYSE:KMPR) by 19.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,086 shares of the insurance provider’s stock after selling 10,392 shares during the period. Credit Suisse AG owned 0.09% of Kemper Corporation worth $1,759,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in Kemper Corporation by 3.5% in the first quarter. Bank of Montreal Can now owns 12,298 shares of the insurance provider’s stock worth $491,000 after buying an additional 420 shares during the period. BlackRock Inc. raised its stake in Kemper Corporation by 15,823.5% in the first quarter. BlackRock Inc. now owns 4,643,923 shares of the insurance provider’s stock worth $185,293,000 after buying an additional 4,614,759 shares during the period. Capstone Asset Management Co. raised its stake in Kemper Corporation by 7.2% in the first quarter. Capstone Asset Management Co. now owns 7,262 shares of the insurance provider’s stock worth $290,000 after buying an additional 490 shares during the period. First Mercantile Trust Co. raised its stake in Kemper Corporation by 8.6% in the first quarter. First Mercantile Trust Co. now owns 12,700 shares of the insurance provider’s stock worth $507,000 after buying an additional 1,010 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Kemper Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,018 shares of the insurance provider’s stock worth $679,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 55.13% of the company’s stock.
Kemper Corporation (NYSE KMPR) traded down 0.51% on Friday, reaching $48.60. The company’s stock had a trading volume of 193,959 shares. Kemper Corporation has a 52 week low of $35.30 and a 52 week high of $49.20. The stock’s 50 day moving average is $40.62 and its 200-day moving average is $40.65. The firm has a market capitalization of $2.49 billion, a PE ratio of 48.99 and a beta of 1.11.
Kemper Corporation (NYSE:KMPR) last posted its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.23. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The company had revenue of $684.40 million during the quarter, compared to the consensus estimate of $641.20 million. During the same period in the prior year, the business posted $0.08 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that Kemper Corporation will post $1.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.98%. Kemper Corporation’s dividend payout ratio is 97.96%.
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A number of research analysts recently commented on KMPR shares. Zacks Investment Research downgraded Kemper Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, April 27th. TheStreet downgraded Kemper Corporation from a “b-” rating to a “c” rating in a report on Thursday, May 4th. BidaskClub raised Kemper Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Raymond James Financial, Inc. raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Thursday, August 3rd. Finally, UBS AG raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $52.50.
About Kemper Corporation
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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