Raymond James & Associates increased its position in shares of Kemper Corp (NYSE:KMPR) by 22.8% in the second quarter, HoldingsChannel reports. The firm owned 82,475 shares of the insurance provider’s stock after purchasing an additional 15,309 shares during the period. Raymond James & Associates’ holdings in Kemper were worth $6,239,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. United Services Automobile Association increased its position in shares of Kemper by 243.0% during the 2nd quarter. United Services Automobile Association now owns 690,463 shares of the insurance provider’s stock worth $14,741,000 after purchasing an additional 489,142 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of Kemper during the 2nd quarter worth about $10,495,000. PNC Financial Services Group Inc. increased its position in shares of Kemper by 191.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,115 shares of the insurance provider’s stock worth $386,000 after purchasing an additional 3,359 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Kemper by 25.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 90,795 shares of the insurance provider’s stock worth $6,869,000 after purchasing an additional 18,590 shares in the last quarter. Finally, GAM Holding AG acquired a new stake in shares of Kemper during the 2nd quarter worth about $604,000. Institutional investors and hedge funds own 52.35% of the company’s stock.
KMPR opened at $79.80 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 48.66 and a beta of 1.13. Kemper Corp has a 1-year low of $50.85 and a 1-year high of $87.00.
Kemper (NYSE:KMPR) last posted its quarterly earnings data on Monday, July 30th. The insurance provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $741.90 million during the quarter, compared to analysts’ expectations of $706.27 million. Kemper had a net margin of 6.24% and a return on equity of 7.80%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. equities research analysts forecast that Kemper Corp will post 4.55 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of Kemper from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research cut shares of Kemper from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 4th.
In related news, Director George N. Cochran acquired 500 shares of the stock in a transaction on Wednesday, September 12th. The stock was purchased at an average price of $83.55 per share, for a total transaction of $41,775.00. Following the transaction, the director now owns 9,428 shares of the company’s stock, valued at approximately $787,709.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Michael Boschelli sold 20,250 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $76.50, for a total transaction of $1,549,125.00. Following the completion of the sale, the senior vice president now owns 20,789 shares of the company’s stock, valued at approximately $1,590,358.50. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.
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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