Citadel Advisors LLC acquired a new position in Kemper Corp (NYSE:KMPR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 399,411 shares of the insurance provider’s stock, valued at approximately $32,133,000. Citadel Advisors LLC owned approximately 0.62% of Kemper at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of KMPR. BlackRock Inc. increased its stake in shares of Kemper by 31.9% in 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kemper by 22.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,793,887 shares of the insurance provider’s stock worth $385,666,000 after purchasing an additional 884,862 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Kemper by 89.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,700,173 shares of the insurance provider’s stock worth $136,779,000 after purchasing an additional 804,522 shares in the last quarter. United Services Automobile Association increased its stake in shares of Kemper by 243.0% in the 2nd quarter. United Services Automobile Association now owns 690,463 shares of the insurance provider’s stock worth $14,741,000 after purchasing an additional 489,142 shares in the last quarter. Finally, New South Capital Management Inc. purchased a new stake in shares of Kemper in the 3rd quarter worth $30,041,000. Hedge funds and other institutional investors own 65.37% of the company’s stock.
In other Kemper news, Director George N. Cochran purchased 500 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was acquired at an average price of $83.55 per share, for a total transaction of $41,775.00. Following the purchase, the director now owns 9,428 shares of the company’s stock, valued at approximately $787,709.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.
Kemper (NYSE:KMPR) last issued its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.39. Kemper had a return on equity of 9.56% and a net margin of 6.63%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Kemper’s revenue for the quarter was up 73.2% compared to the same quarter last year. Analysts expect that Kemper Corp will post 4.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 19th will be paid a $0.24 dividend. The ex-dividend date is Friday, November 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Kemper’s payout ratio is presently 58.54%.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Kemper from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Sandler O’Neill upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods started coverage on Kemper in a research note on Thursday, November 1st. They issued a “market perform” rating and a $80.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Kemper has an average rating of “Hold” and a consensus price target of $84.00.
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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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