Synovus Financial Corp boosted its holdings in Kemper Corp (NYSE:KMPR) by 80.7% in the 3rd quarter, Holdings Channel reports. The firm owned 2,241 shares of the insurance provider’s stock after purchasing an additional 1,001 shares during the period. Synovus Financial Corp’s holdings in Kemper were worth $180,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Amalgamated Bank increased its position in shares of Kemper by 12.0% in the second quarter. Amalgamated Bank now owns 6,407 shares of the insurance provider’s stock valued at $485,000 after acquiring an additional 685 shares during the period. Bank of Montreal Can increased its position in shares of Kemper by 5.2% in the second quarter. Bank of Montreal Can now owns 14,418 shares of the insurance provider’s stock valued at $1,090,000 after acquiring an additional 715 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Kemper by 3.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 25,438 shares of the insurance provider’s stock valued at $2,046,000 after acquiring an additional 732 shares during the period. Vident Investment Advisory LLC increased its position in shares of Kemper by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 51,420 shares of the insurance provider’s stock valued at $3,890,000 after acquiring an additional 771 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Kemper by 2.7% in the second quarter. Arizona State Retirement System now owns 33,992 shares of the insurance provider’s stock valued at $2,571,000 after acquiring an additional 909 shares during the period. 50.57% of the stock is owned by institutional investors and hedge funds.
KMPR has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Keefe, Bruyette & Woods initiated coverage on shares of Kemper in a research report on Thursday, November 1st. They set a “market perform” rating and a $80.00 price target on the stock. Sandler O’Neill upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, ValuEngine cut shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.00.
Shares of NYSE KMPR opened at $76.13 on Friday. Kemper Corp has a 1 year low of $50.85 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.24 and a current ratio of 0.27. The stock has a market cap of $4.97 billion, a P/E ratio of 20.01 and a beta of 1.11.
Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.39. Kemper had a net margin of 6.63% and a return on equity of 9.56%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. Kemper’s quarterly revenue was up 73.2% on a year-over-year basis. As a group, equities analysts predict that Kemper Corp will post 4.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 19th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, November 16th. Kemper’s dividend payout ratio is currently 58.54%.
In other Kemper news, Director George N. Cochran acquired 500 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were acquired at an average price of $83.55 per share, for a total transaction of $41,775.00. Following the completion of the acquisition, the director now owns 9,428 shares in the company, valued at $787,709.40. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Carl Thomas Jr. Evans sold 2,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $78.70, for a total transaction of $157,400.00. Following the completion of the sale, the vice president now owns 965 shares in the company, valued at approximately $75,945.50. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.
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Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.
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