First Trust Advisors LP trimmed its holdings in Kemper Corp (NYSE:KMPR) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,590 shares of the insurance provider’s stock after selling 21,351 shares during the period. First Trust Advisors LP owned about 0.18% of Kemper worth $8,600,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in KMPR. Guggenheim Capital LLC purchased a new stake in shares of Kemper in the fourth quarter worth about $227,000. Norges Bank purchased a new stake in shares of Kemper in the fourth quarter worth about $62,929,000. Macquarie Group Ltd. lifted its position in shares of Kemper by 141.9% in the fourth quarter. Macquarie Group Ltd. now owns 1,047,887 shares of the insurance provider’s stock worth $81,212,000 after buying an additional 614,664 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Kemper by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 10,795 shares of the insurance provider’s stock worth $802,000 after buying an additional 498 shares in the last quarter. Finally, Skyline Asset Management LP lifted its position in shares of Kemper by 19.4% in the first quarter. Skyline Asset Management LP now owns 106,430 shares of the insurance provider’s stock worth $7,915,000 after buying an additional 17,300 shares in the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.
KMPR has been the topic of a number of research analyst reports. JMP Securities decreased their target price on Kemper from $95.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 16th. Raymond James reduced their price objective on Kemper from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 24th. Piper Sandler reduced their price objective on Kemper from $85.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Zacks Investment Research cut Kemper from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. Finally, ValuEngine cut Kemper from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $80.00.
KMPR opened at $78.52 on Friday. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 11.99 and a beta of 0.67. The stock’s 50 day moving average price is $73.42 and its 200-day moving average price is $71.45. Kemper Corp has a one year low of $53.81 and a one year high of $89.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.23 and a current ratio of 0.23.
Kemper (NYSE:KMPR) last released its earnings results on Thursday, May 7th. The insurance provider reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.35. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Kemper had a return on equity of 12.74% and a net margin of 8.74%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 earnings per share. As a group, analysts predict that Kemper Corp will post 6.25 earnings per share for the current fiscal year.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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