First Mercantile Trust Co. cut its stake in shares of Kemper Corporation (NYSE:KMPR) by 37.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,981 shares of the insurance provider’s stock after selling 4,719 shares during the period. First Mercantile Trust Co.’s holdings in Kemper Corporation were worth $308,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KMPR. Karp Capital Management Corp acquired a new position in shares of Kemper Corporation during the first quarter valued at $312,000. UBS Asset Management Americas Inc. increased its position in shares of Kemper Corporation by 4.9% in the first quarter. UBS Asset Management Americas Inc. now owns 31,162 shares of the insurance provider’s stock valued at $1,243,000 after buying an additional 1,468 shares during the period. Comerica Bank increased its position in shares of Kemper Corporation by 5.0% in the first quarter. Comerica Bank now owns 37,164 shares of the insurance provider’s stock valued at $1,498,000 after buying an additional 1,763 shares during the period. Suntrust Banks Inc. increased its position in shares of Kemper Corporation by 1.0% in the first quarter. Suntrust Banks Inc. now owns 7,991 shares of the insurance provider’s stock valued at $318,000 after buying an additional 77 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Kemper Corporation by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 587,789 shares of the insurance provider’s stock valued at $23,453,000 after buying an additional 17,651 shares during the period. Institutional investors own 55.00% of the company’s stock.

Shares of Kemper Corporation (KMPR) opened at 49.05 on Friday. Kemper Corporation has a 52 week low of $35.30 and a 52 week high of $50.00. The stock’s 50 day moving average is $42.16 and its 200 day moving average is $40.82. The stock has a market capitalization of $2.52 billion, a PE ratio of 49.45 and a beta of 1.11.

Kemper Corporation (NYSE:KMPR) last released its earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.23. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The company had revenue of $684.40 million during the quarter, compared to the consensus estimate of $641.20 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Kemper Corporation will post $1.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be given a $0.24 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.96%. Kemper Corporation’s payout ratio is 97.96%.

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Several research analysts have weighed in on the company. Zacks Investment Research upgraded Kemper Corporation from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Tuesday. BidaskClub upgraded Kemper Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Raymond James Financial, Inc. upgraded Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Thursday, August 3rd. UBS AG upgraded Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Finally, TheStreet upgraded Kemper Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.50.

About Kemper Corporation

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.

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Institutional Ownership by Quarter for Kemper Corporation (NYSE:KMPR)

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