Cookson Peirce & Co. Inc. acquired a new stake in shares of Kemper Corp (NYSE:KMPR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,705 shares of the insurance provider’s stock, valued at approximately $875,000.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Kemper by 2.8% in the 4th quarter. BlackRock Inc. now owns 4,746,247 shares of the insurance provider’s stock worth $327,015,000 after purchasing an additional 128,035 shares during the period. State Street Corp boosted its stake in Kemper by 3.5% in the 2nd quarter. State Street Corp now owns 1,448,146 shares of the insurance provider’s stock worth $55,897,000 after purchasing an additional 49,571 shares during the period. Victory Capital Management Inc. boosted its stake in Kemper by 17.1% in the 4th quarter. Victory Capital Management Inc. now owns 485,087 shares of the insurance provider’s stock worth $33,422,000 after purchasing an additional 70,992 shares during the period. Hennessy Advisors Inc. bought a new position in Kemper in the 4th quarter worth approximately $32,245,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Kemper by 3.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 355,741 shares of the insurance provider’s stock worth $18,855,000 after purchasing an additional 11,669 shares during the period. Institutional investors own 58.13% of the company’s stock.
Several research analysts have weighed in on KMPR shares. Zacks Investment Research upgraded Kemper from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, William Blair raised Kemper from a “market perform” rating to an “outperform” rating in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating, one has given a buy rating and four have assigned a strong buy rating to the company. The stock presently has an average rating of “Strong Buy” and an average target price of $67.50.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.66%. Kemper’s dividend payout ratio (DPR) is 41.20%.
ILLEGAL ACTIVITY NOTICE: This article was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://weekherald.com/2018/02/24/cookson-peirce-co-inc-takes-position-in-kemper-corp-kmpr.html.
Kemper 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.
Receive News & Ratings for Kemper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper and related companies with MarketBeat.com's FREE daily email newsletter.