Municipal Employees Retirement System of Michigan lifted its stake in shares of Kemper Corp (NYSE:KMPR) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,250 shares of the insurance provider’s stock after buying an additional 150 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Kemper were worth $971,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in KMPR. Aperio Group LLC grew its holdings in Kemper by 3.1% during the second quarter. Aperio Group LLC now owns 13,426 shares of the insurance provider’s stock worth $1,158,000 after acquiring an additional 409 shares during the period. First Trust Advisors LP grew its holdings in Kemper by 43.0% during the second quarter. First Trust Advisors LP now owns 68,515 shares of the insurance provider’s stock worth $5,912,000 after acquiring an additional 20,617 shares during the period. Janney Montgomery Scott LLC grew its holdings in Kemper by 10.4% during the second quarter. Janney Montgomery Scott LLC now owns 5,478 shares of the insurance provider’s stock worth $473,000 after acquiring an additional 514 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Kemper by 785.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 438,674 shares of the insurance provider’s stock worth $37,853,000 after acquiring an additional 389,152 shares during the period. Finally, Goelzer Investment Management Inc. grew its holdings in Kemper by 7.7% during the second quarter. Goelzer Investment Management Inc. now owns 25,097 shares of the insurance provider’s stock worth $2,166,000 after acquiring an additional 1,787 shares during the period. 66.53% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on KMPR. ValuEngine lowered Kemper from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Zacks Investment Research raised Kemper from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Kemper currently has an average rating of “Hold” and an average target price of $86.00.
Kemper (NYSE:KMPR) last released its earnings results on Monday, August 5th. The insurance provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.02. Kemper had a return on equity of 10.84% and a net margin of 7.83%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 71.9% compared to the same quarter last year. As a group, equities analysts expect that Kemper Corp will post 5.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.00 annualized dividend and a yield of 1.33%. Kemper’s dividend payout ratio (DPR) is presently 22.88%.
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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