Kemper Corporation (KMPR) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. lifted its stake in shares of Kemper Corporation (NYSE:KMPR) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,925 shares of the insurance provider’s stock after purchasing an additional 140 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Kemper Corporation worth $1,232,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Kemper Corporation by 15,823.5% in the 1st quarter. BlackRock Inc. now owns 4,643,923 shares of the insurance provider’s stock valued at $185,293,000 after buying an additional 4,614,759 shares during the last quarter. Vanguard Group Inc. increased its stake in Kemper Corporation by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 3,459,695 shares of the insurance provider’s stock valued at $138,041,000 after buying an additional 185,850 shares during the last quarter. Wellington Management Group LLP increased its stake in Kemper Corporation by 6.3% in the 1st quarter. Wellington Management Group LLP now owns 2,492,739 shares of the insurance provider’s stock valued at $99,461,000 after buying an additional 147,995 shares during the last quarter. State Street Corp increased its stake in Kemper Corporation by 0.7% in the 1st quarter. State Street Corp now owns 1,398,575 shares of the insurance provider’s stock valued at $55,812,000 after buying an additional 9,166 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Kemper Corporation by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 596,351 shares of the insurance provider’s stock valued at $23,019,000 after buying an additional 8,562 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors.
KMPR has been the subject of several analyst reports. BidaskClub lowered shares of Kemper Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered shares of Kemper Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. UBS AG upgraded shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. upgraded shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target for the company in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the company’s stock. Kemper Corporation has an average rating of “Strong Buy” and a consensus target price of $55.50.
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In related news, Director Susan D. Whiting acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $49.06 per share, for a total transaction of $49,060.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $49,060. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by corporate insiders.
Shares of Kemper Corporation (NYSE:KMPR) opened at 54.75 on Thursday. Kemper Corporation has a 52 week low of $35.30 and a 52 week high of $55.15. The stock’s 50 day moving average is $49.94 and its 200 day moving average is $42.46. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 55.19 and a beta of 1.11.
Kemper Corporation (NYSE:KMPR) last issued its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.23. The company had revenue of $684.40 million for the quarter, compared to the consensus estimate of $641.20 million. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts forecast that Kemper Corporation will post $1.16 EPS for the current year.
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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