Kemper Corp (KMPR) Stake Decreased by Peregrine Capital Management LLC
Peregrine Capital Management LLC reduced its holdings in Kemper Corp (NYSE:KMPR) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 215,266 shares of the insurance provider’s stock after selling 16,668 shares during the quarter. Peregrine Capital Management LLC’s holdings in Kemper were worth $14,832,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Kemper by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,609,922 shares of the insurance provider’s stock valued at $139,342,000 after purchasing an additional 150,227 shares during the period. State Street Corp lifted its stake in shares of Kemper by 3.5% in the 2nd quarter. State Street Corp now owns 1,448,146 shares of the insurance provider’s stock valued at $55,897,000 after purchasing an additional 49,571 shares during the period. Westwood Holdings Group Inc. lifted 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 period. Northern Trust Corp lifted its stake in shares of Kemper by 1.0% in the 2nd quarter. Northern Trust Corp now owns 824,135 shares of the insurance provider’s stock valued at $31,812,000 after purchasing an additional 7,846 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in shares of Kemper in the 4th quarter valued at approximately $32,245,000. Hedge funds and other institutional investors own 57.79% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Kemper from a “hold” rating to a “strong-buy” rating and set a $80.00 target price for the company in a research note on Thursday, January 18th. BidaskClub upgraded Kemper from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 5th. Finally, ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and four have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $67.50.
Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.57. The business 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 firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.40) earnings per share. equities research analysts forecast that Kemper Corp will post 1.58 EPS for the current fiscal year.
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Kemper Company Profile
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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