Wells Fargo & Company MN lifted its holdings in shares of Kemper Corp (NYSE:KMPR) by 47.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,953 shares of the insurance provider’s stock after acquiring an additional 19,797 shares during the period. Wells Fargo & Company MN owned 0.12% of Kemper worth $3,283,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. grew its stake in shares of Kemper by 217.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 828,927 shares of the insurance provider’s stock valued at $32,190,000 after purchasing an additional 568,157 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Kemper in the 3rd quarter valued at approximately $21,947,000. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Kemper in the third quarter valued at approximately $14,731,000. Vanguard Group Inc. boosted its stake in shares of Kemper by 4.3% in the second quarter. Vanguard Group Inc. now owns 3,609,922 shares of the insurance provider’s stock valued at $139,342,000 after buying an additional 150,227 shares in the last quarter. Finally, Rafferty Asset Management LLC purchased a new stake in shares of Kemper in the second quarter valued at approximately $4,424,000. Hedge funds and other institutional investors own 58.73% of the company’s stock.
KMPR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Kemper from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub raised Kemper from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 5th. Two analysts have rated the stock with a hold rating and four have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.50.
Kemper (NYSE:KMPR) last released its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.57. The company had revenue of $690.30 million during the quarter, compared to analysts’ expectations of $680.90 million. Kemper had a return on equity of 4.47% and a net margin of 4.32%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.40) earnings per share. analysts forecast that Kemper Corp will post 1.38 EPS for the current fiscal year.
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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