First Republic Investment Management Inc. Trims Position in Kemper Corp (KMPR)

First Republic Investment Management Inc. lowered its holdings in Kemper Corp (NYSE:KMPR) by 41.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,917 shares of the insurance provider’s stock after selling 2,069 shares during the quarter. First Republic Investment Management Inc.’s holdings in Kemper were worth $222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp grew its holdings in shares of Kemper by 418.7% during the first quarter. Dupont Capital Management Corp now owns 25,500 shares of the insurance provider’s stock worth $1,942,000 after purchasing an additional 20,584 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Kemper during the first quarter worth about $146,000. World Asset Management Inc purchased a new position in shares of Kemper during the first quarter worth about $209,000. BNP Paribas Arbitrage SA grew its holdings in shares of Kemper by 616.5% during the first quarter. BNP Paribas Arbitrage SA now owns 11,944 shares of the insurance provider’s stock worth $909,000 after purchasing an additional 10,277 shares in the last quarter. Finally, S&CO Inc. purchased a new position in shares of Kemper during the first quarter worth about $1,928,000. 68.73% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. ValuEngine raised Kemper from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research raised Kemper from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, February 5th. Finally, JMP Securities boosted their price objective on Kemper from $78.00 to $82.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $86.00.

Shares of NYSE KMPR opened at $87.01 on Wednesday. Kemper Corp has a 12 month low of $61.57 and a 12 month high of $91.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.33. The stock has a market cap of $5.63 billion, a PE ratio of 19.91 and a beta of 1.22.

Kemper (NYSE:KMPR) last issued its earnings results on Monday, April 29th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.02. The business had revenue of $1.24 billion during 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 revenue for the quarter was up 78.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Sell-side analysts anticipate that Kemper Corp will post 5.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, May 10th. Kemper’s dividend payout ratio is currently 22.88%.

In other Kemper news, SVP John Michael Boschelli sold 14,336 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $90.48, for a total value of $1,297,121.28. Following the completion of the sale, the senior vice president now owns 23,560 shares of the company’s stock, valued at $2,131,708.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

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About Kemper

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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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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