Nationwide Fund Advisors Has $5.96 Million Position in Kemper Corp (KMPR)
Nationwide Fund Advisors reduced its stake in Kemper Corp (NYSE:KMPR) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 112,449 shares of the insurance provider’s stock after selling 4,867 shares during the quarter. Nationwide Fund Advisors owned approximately 0.22% of Kemper worth $5,960,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its holdings in shares of Kemper by 217.9% during the second quarter. Westwood Holdings Group Inc. now owns 828,927 shares of the insurance provider’s stock worth $32,190,000 after buying an additional 568,157 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kemper by 4.3% during the second quarter. Vanguard Group Inc. now owns 3,609,922 shares of the insurance provider’s stock worth $139,342,000 after buying an additional 150,227 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Kemper during the second quarter worth approximately $4,424,000. Citadel Advisors LLC lifted its holdings in shares of Kemper by 117.0% during the second quarter. Citadel Advisors LLC now owns 118,796 shares of the insurance provider’s stock worth $4,586,000 after buying an additional 64,055 shares during the last quarter. Finally, State Street Corp increased its position in shares of Kemper by 3.5% during the second 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. Hedge funds and other institutional investors own 57.74% of the company’s stock.
Shares of Kemper Corp (NYSE KMPR) traded up $0.50 on Wednesday, hitting $68.80. The stock had a trading volume of 144,200 shares, compared to its average volume of 170,285. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.28. Kemper Corp has a twelve month low of $36.35 and a twelve month high of $71.52. The firm has a market capitalization of $3,514.13, a price-to-earnings ratio of 39.25 and a beta of 1.19.
Kemper (NYSE:KMPR) last released its earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.57. Kemper had a return on equity of 4.47% and a net margin of 4.32%. The firm had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. During the same quarter in the prior year, the firm posted ($0.40) earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. equities analysts predict that Kemper Corp will post 1.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Monday, November 13th were issued a $0.24 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.40%. Kemper’s dividend payout ratio (DPR) is currently 43.24%.
A number of analysts have recently issued reports on the company. ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Kemper from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded Kemper from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 5th. Three research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.50.
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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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