Citigroup Inc. boosted its position in shares of Kemper Corp (NYSE:KMPR) by 348.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,686 shares of the insurance provider’s stock after purchasing an additional 18,405 shares during the period. Citigroup Inc.’s holdings in Kemper were worth $1,572,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in KMPR. Oregon Public Employees Retirement Fund lifted its holdings in shares of Kemper by 6,538.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,628,832 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 1,604,294 shares during the last quarter. Enlightenment Research LLC bought a new position in shares of Kemper in the fourth quarter worth about $27,000. Meeder Asset Management Inc. lifted its holdings in shares of Kemper by 99.4% in the fourth quarter. Meeder Asset Management Inc. now owns 1,262 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 629 shares during the last quarter. Ruggie Capital Group bought a new position in shares of Kemper in the fourth quarter worth about $127,000. Finally, FMR LLC bought a new position in shares of Kemper in the third quarter worth about $143,000. Hedge funds and other institutional investors own 67.48% of the company’s stock.
A number of research firms have recently commented on KMPR. Zacks Investment Research cut shares of Kemper from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. JMP Securities upgraded shares of Kemper from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Finally, ValuEngine upgraded shares of Kemper from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Kemper presently has an average rating of “Buy” and an average price target of $82.33.
Kemper (NYSE:KMPR) last issued its quarterly earnings data on Monday, February 11th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Kemper had a net margin of 5.10% and a return on equity of 10.11%. The firm’s quarterly revenue was up 67.8% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. Analysts forecast that Kemper Corp will post 5.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, February 15th. This is a positive change from Kemper’s previous quarterly dividend of $0.24. Kemper’s dividend payout ratio (DPR) is 22.88%.
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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. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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