Kemper Corp (NYSE:KMPR) SVP John Michael Boschelli sold 14,336 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $90.48, for a total value of $1,297,121.28. Following the completion of the transaction, the senior vice president now directly owns 23,560 shares in the company, valued at $2,131,708.80. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of KMPR traded down $1.48 during trading hours on Thursday, hitting $83.31. 222,500 shares of the company were exchanged, compared to its average volume of 244,062. The firm has a market cap of $5.51 billion, a P/E ratio of 19.05 and a beta of 1.22. Kemper Corp has a fifty-two week low of $61.57 and a fifty-two week high of $91.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.23 and a current ratio of 0.23.
Kemper (NYSE:KMPR) last released its earnings results on Monday, April 29th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.16 billion. Kemper had a return on equity of 10.47% and a net margin of 6.83%. Kemper’s quarterly revenue was up 78.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. On average, research analysts predict that Kemper Corp will post 5.72 earnings per share for the current fiscal year.
KMPR has been the topic of a number of research reports. Zacks Investment Research raised Kemper from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, February 5th. JMP Securities upped their price objective on Kemper from $78.00 to $82.00 and gave the company a “market outperform” rating in a report on Tuesday, February 12th. Finally, ValuEngine raised Kemper from a “hold” rating to a “buy” rating in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Kemper currently has an average rating of “Buy” and a consensus target price of $86.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Kemper by 6,538.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,628,832 shares of the insurance provider’s stock worth $25,000 after buying an additional 1,604,294 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Kemper by 31.3% during the 3rd quarter. Vanguard Group Inc now owns 5,185,592 shares of the insurance provider’s stock worth $417,181,000 after buying an additional 1,236,313 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Kemper by 31.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,185,592 shares of the insurance provider’s stock worth $417,181,000 after buying an additional 1,236,313 shares during the last quarter. Norges Bank bought a new position in Kemper in the fourth quarter valued at about $53,014,000. Finally, Standard Life Aberdeen plc bought a new position in Kemper in the fourth quarter valued at about $45,399,000. 67.34% of the stock is currently owned by institutional investors.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
See Also: Certificate of Deposit (CD)
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