Synovus Financial Corp boosted its holdings in Kemper Corp (NYSE:KMPR) by 80.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,241 shares of the insurance provider’s stock after buying an additional 1,001 shares during the period. Synovus Financial Corp’s holdings in Kemper were worth $180,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in Kemper by 89.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,700,173 shares of the insurance provider’s stock valued at $136,779,000 after buying an additional 804,522 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Kemper by 17.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,201,787 shares of the insurance provider’s stock valued at $90,916,000 after purchasing an additional 178,354 shares during the period. Northern Trust Corp boosted its holdings in Kemper by 12.6% in the 2nd quarter. Northern Trust Corp now owns 902,891 shares of the insurance provider’s stock valued at $68,304,000 after purchasing an additional 101,207 shares during the period. United Services Automobile Association boosted its holdings in Kemper by 243.0% in the 2nd quarter. United Services Automobile Association now owns 690,463 shares of the insurance provider’s stock valued at $14,741,000 after purchasing an additional 489,142 shares during the period. Finally, Channing Capital Management LLC bought a new position in Kemper in the 2nd quarter valued at $51,829,000. Institutional investors and hedge funds own 50.57% of the company’s stock.
In related news, Director George N. Cochran acquired 500 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was bought at an average cost of $83.55 per share, with a total value of $41,775.00. Following the acquisition, the director now owns 9,428 shares of the company’s stock, valued at approximately $787,709.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Carl Thomas Jr. Evans sold 2,000 shares of Kemper stock in a transaction on Friday, August 24th. The stock was sold at an average price of $78.70, for a total transaction of $157,400.00. Following the sale, the vice president now directly owns 965 shares of the company’s stock, valued at $75,945.50. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.59 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 73.2% compared to the same quarter last year. On average, equities analysts expect that Kemper Corp will post 4.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 19th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 16th. Kemper’s dividend payout ratio is currently 58.54%.
Several research analysts have commented on the stock. ValuEngine downgraded shares of Kemper from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded shares of Kemper from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Sandler O’Neill raised shares of Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Kemper in a report on Thursday, November 1st. They issued a “market perform” rating and a $80.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Kemper currently has a consensus rating of “Hold” and an average target price of $84.00.
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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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