Credit Suisse AG cut its stake in shares of Kemper Corporation (NYSE:KMPR) by 19.1% during the first quarter, Holdings Channel reports. The institutional investor owned 44,086 shares of the insurance provider’s stock after selling 10,392 shares during the period. Credit Suisse AG’s holdings in Kemper Corporation were worth $1,759,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMPR. UBS Asset Management Americas Inc. boosted its position in Kemper Corporation by 4.9% in the first quarter. UBS Asset Management Americas Inc. now owns 31,162 shares of the insurance provider’s stock valued at $1,243,000 after buying an additional 1,468 shares in the last quarter. Comerica Bank boosted its position in shares of Kemper Corporation by 5.0% in the first quarter. Comerica Bank now owns 37,164 shares of the insurance provider’s stock valued at $1,498,000 after buying an additional 1,763 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Kemper Corporation by 1.0% in the first quarter. Suntrust Banks Inc. now owns 7,991 shares of the insurance provider’s stock valued at $318,000 after buying an additional 77 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kemper Corporation by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 587,789 shares of the insurance provider’s stock valued at $23,453,000 after buying an additional 17,651 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of Kemper Corporation during the first quarter valued at approximately $223,000. 55.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kemper Corporation (NYSE:KMPR) traded down 0.51% on Friday, hitting $48.60. 193,959 shares of the stock traded hands. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 48.99 and a beta of 1.11. Kemper Corporation has a 52 week low of $35.30 and a 52 week high of $49.20. The stock has a 50 day moving average price of $40.62 and a 200-day moving average price of $40.65.

Kemper Corporation (NYSE:KMPR) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.23. The firm had revenue of $684.40 million for the quarter, compared to analyst estimates of $641.20 million. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The business’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 EPS. On average, equities research analysts forecast that Kemper Corporation will post $1.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, August 10th. Kemper Corporation’s payout ratio is 97.96%.

ILLEGAL ACTIVITY WARNING: “Kemper Corporation (KMPR) Shares Sold by Credit Suisse AG” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/kemper-corporation-kmpr-shares-sold-by-credit-suisse-ag/1479342.html.

KMPR has been the topic of several recent research reports. Zacks Investment Research cut shares of Kemper Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, April 27th. TheStreet cut shares of Kemper Corporation from a “b-” rating to a “c” rating in a report on Thursday, May 4th. BidaskClub raised shares of Kemper Corporation from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Raymond James Financial, Inc. raised shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a report on Thursday, August 3rd. Finally, UBS AG raised shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Kemper Corporation presently has an average rating of “Buy” and an average target price of $52.50.

Kemper Corporation 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.

Want to see what other hedge funds are holding KMPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kemper Corporation (NYSE:KMPR).

Institutional Ownership by Quarter for Kemper Corporation (NYSE:KMPR)

Receive News & Ratings for Kemper Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.