Capital Asset Advisory Services LLC purchased a new position in shares of Kemper Co. (NYSE:KMPR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,346 shares of the insurance provider’s stock, valued at approximately $103,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of KMPR. CI Investments Inc. lifted its position in Kemper by 65.0% during the 4th quarter. CI Investments Inc. now owns 551 shares of the insurance provider’s stock worth $42,000 after buying an additional 217 shares in the last quarter. Graves Light Private Wealth Management Inc. acquired a new position in Kemper during the 4th quarter worth about $49,000. Great West Life Assurance Co. Can lifted its position in Kemper by 352.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 139,915 shares of the insurance provider’s stock worth $175,000 after buying an additional 108,978 shares in the last quarter. SVA Wealth Management LLC acquired a new position in Kemper during the 4th quarter worth about $202,000. Finally, HighPoint Advisor Group LLC bought a new stake in Kemper during the 4th quarter worth about $210,000. Institutional investors and hedge funds own 70.78% of the company’s stock.
In other news, EVP Mark A. Green sold 5,000 shares of the company’s stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $77.37, for a total value of $386,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Storch purchased 2,000 shares of the stock in a transaction dated Thursday, February 4th. The stock was bought at an average cost of $70.12 per share, with a total value of $140,240.00. Following the completion of the purchase, the director now owns 22,603 shares in the company, valued at $1,584,922.36. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
Kemper (NYSE:KMPR) last announced its quarterly earnings results on Sunday, January 31st. The insurance provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Kemper had a return on equity of 10.59% and a net margin of 8.58%. As a group, equities analysts predict that Kemper Co. will post 6.5 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 12th. This is a boost from Kemper’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.53%. Kemper’s dividend payout ratio is 19.78%.
Several brokerages have weighed in on KMPR. Zacks Investment Research cut Kemper from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James boosted their price objective on Kemper from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 17th.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.
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