Kemper Corp (KMPR) Position Reduced by BlackRock Inc.

BlackRock Inc. lowered its holdings in shares of Kemper Corp (NYSE:KMPR) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,586,778 shares of the insurance provider’s stock after selling 57,145 shares during the period. BlackRock Inc. owned approximately 8.94% of Kemper Corp worth $177,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its stake in Kemper Corp by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 17,405 shares of the insurance provider’s stock worth $672,000 after purchasing an additional 99 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in Kemper Corp by 0.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,046 shares of the insurance provider’s stock worth $1,237,000 after purchasing an additional 100 shares during the period. Prudential Financial Inc. grew its stake in Kemper Corp by 0.4% during the second quarter. Prudential Financial Inc. now owns 31,925 shares of the insurance provider’s stock worth $1,232,000 after purchasing an additional 140 shares during the period. Advantus Capital Management Inc grew its stake in Kemper Corp by 3.2% during the first quarter. Advantus Capital Management Inc now owns 6,239 shares of the insurance provider’s stock worth $249,000 after purchasing an additional 196 shares during the period. Finally, Arizona State Retirement System grew its stake in Kemper Corp by 1.0% during the second quarter. Arizona State Retirement System now owns 20,500 shares of the insurance provider’s stock worth $791,000 after purchasing an additional 200 shares during the period. 56.06% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on KMPR. Zacks Investment Research cut Kemper Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. TheStreet raised Kemper Corp from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. raised Kemper Corp from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub raised Kemper Corp from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, UBS AG raised Kemper Corp from a “market perform” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.50.

Shares of Kemper Corp (NYSE KMPR) opened at 55.05 on Thursday. The firm has a 50-day moving average price of $50.76 and a 200-day moving average price of $43.01. Kemper Corp has a 52 week low of $35.30 and a 52 week high of $55.45. The firm has a market cap of $2.82 billion, a PE ratio of 55.49 and a beta of 1.11.

Kemper Corp (NYSE:KMPR) last posted its earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.23. Kemper Corp had a return on equity of 7.25% and a net margin of 5.33%. The firm had revenue of $684.40 million for the quarter, compared to the consensus estimate of $641.20 million. During the same quarter in the prior year, the business earned $0.08 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Kemper Corp will post $1.16 earnings per share for the current year.

In other news, Director Susan D. Whiting bought 1,000 shares of Kemper Corp stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $49.06 per share, for a total transaction of $49,060.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $49,060. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

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

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