BlackRock Inc. reduced its stake in shares of Kemper Corp (NYSE:KMPR) by 0.8% during the 2nd quarter, Holdings Channel reports. The firm owned 4,795,462 shares of the insurance provider’s stock after selling 40,662 shares during the quarter. BlackRock Inc. owned about 0.07% of Kemper worth $362,778,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. James Investment Research Inc. acquired a new position in Kemper in the second quarter valued at approximately $153,000. O Shaughnessy Asset Management LLC acquired a new position in Kemper in the first quarter valued at approximately $208,000. Gateway Investment Advisers LLC acquired a new position in Kemper in the second quarter valued at approximately $214,000. Cambria Investment Management L.P. acquired a new position in Kemper in the first quarter valued at approximately $216,000. Finally, Koch Industries Inc. acquired a new position in Kemper in the first quarter valued at approximately $227,000. Institutional investors and hedge funds own 52.36% of the company’s stock.

A number of research analysts recently commented on KMPR shares. Zacks Investment Research cut Kemper from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th. ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a report on Friday, August 3rd.

Shares of NYSE KMPR opened at $83.00 on Friday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 50.61 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Kemper Corp has a 52-week low of $49.05 and a 52-week high of $87.00.

Kemper (NYSE:KMPR) last announced its earnings results on Monday, July 30th. The insurance provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $741.90 million for the quarter, compared to analyst estimates of $706.27 million. Kemper had a return on equity of 7.80% and a net margin of 6.24%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. analysts predict that Kemper Corp will post 4.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Monday, August 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, August 10th. Kemper’s payout ratio is 58.54%.

In other Kemper news, SVP John Michael Boschelli sold 20,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $76.50, for a total value of $1,549,125.00. Following the sale, the senior vice president now owns 20,789 shares of the company’s stock, valued at $1,590,358.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George N. Cochran bought 500 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was purchased at an average cost 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 $787,709.40. The disclosure for this purchase can be found here. 0.92% of the stock is owned by insiders.

Kemper Company Profile

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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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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