Metropolitan Life Insurance Co NY lessened its holdings in Kemper Corp (NYSE:KMPR) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,218 shares of the insurance provider’s stock after selling 908 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Kemper were worth $2,453,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of KMPR. Trexquant Investment LP purchased a new stake in shares of Kemper in the first quarter worth approximately $1,351,000. Hancock Whitney Corp lifted its position in shares of Kemper by 161.5% in the first quarter. Hancock Whitney Corp now owns 23,145 shares of the insurance provider’s stock worth $1,762,000 after purchasing an additional 14,294 shares in the last quarter. OppenheimerFunds Inc. raised its position in Kemper by 41.6% during the first quarter. OppenheimerFunds Inc. now owns 243,370 shares of the insurance provider’s stock valued at $18,530,000 after acquiring an additional 71,538 shares in the last quarter. State of Tennessee Treasury Department bought a new position in Kemper during the first quarter valued at approximately $3,046,000. Finally, Dynamic Technology Lab Private Ltd raised its position in Kemper by 15.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 7,223 shares of the insurance provider’s stock valued at $550,000 after acquiring an additional 955 shares in the last quarter. 65.75% of the stock is owned by institutional investors.
KMPR has been the topic of several recent research reports. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Kemper presently has a consensus rating of “Buy” and an average target price of $86.00.
Kemper (NYSE:KMPR) last released its quarterly earnings results on Monday, April 29th. The insurance provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.02. Kemper had a net margin of 6.83% and a return on equity of 10.47%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 78.4% compared to the same quarter last year. On average, equities analysts expect that Kemper Corp will post 5.75 earnings per share for the current fiscal year.
In other news, SVP John Michael Boschelli sold 14,336 shares of the firm’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 sale, the senior vice president now 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 at this hyperlink. Company insiders own 1.40% 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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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