Kemper Corporation (KMPR) Position Reduced by Morgan Stanley

Morgan Stanley lowered its position in shares of Kemper Corporation (NYSE:KMPR) by 9.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,104 shares of the insurance provider’s stock after selling 20,454 shares during the period. Morgan Stanley owned 0.38% of Kemper Corporation worth $7,704,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in KMPR. Two Sigma Investments LP acquired a new stake in Kemper Corporation during the fourth quarter valued at approximately $297,000. Bank of Montreal Can increased its position in shares of Kemper Corporation by 3.5% in the first quarter. Bank of Montreal Can now owns 12,298 shares of the insurance provider’s stock worth $491,000 after buying an additional 420 shares during the last quarter. Norges Bank purchased a new position in shares of Kemper Corporation during the fourth quarter worth about $24,411,000. Capstone Asset Management Co. increased its position in shares of Kemper Corporation by 7.2% in the first quarter. Capstone Asset Management Co. now owns 7,262 shares of the insurance provider’s stock worth $290,000 after buying an additional 490 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in shares of Kemper Corporation by 8.6% in the first quarter. First Mercantile Trust Co. now owns 12,700 shares of the insurance provider’s stock worth $507,000 after buying an additional 1,010 shares during the last quarter. Institutional investors own 55.00% of the company’s stock.

Shares of Kemper Corporation (NYSE:KMPR) opened at 49.05 on Friday. Kemper Corporation has a 52-week low of $35.30 and a 52-week high of $50.00. The stock has a market cap of $2.52 billion, a P/E ratio of 49.45 and a beta of 1.11. The firm’s 50-day moving average is $42.16 and its 200 day moving average is $40.82.

Kemper Corporation (NYSE:KMPR) last announced its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.23. The company had revenue of $684.40 million for the quarter, compared to analyst estimates of $641.20 million. Kemper Corporation had a net margin of 1.95% and a return on equity of 1.26%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. Analysts forecast that Kemper Corporation will post $1.70 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.96 annualized dividend and a yield of 1.96%. Kemper Corporation’s dividend payout ratio is currently 97.96%.

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A number of brokerages have recently issued reports on KMPR. Zacks Investment Research raised shares of Kemper Corporation from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research report on Tuesday. BidaskClub raised shares of Kemper Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Raymond James Financial, Inc. raised shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research report on Thursday, August 3rd. UBS AG raised shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, TheStreet raised shares of Kemper Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.50.

Kemper Corporation Company Profile

Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.

Institutional Ownership by Quarter for Kemper Corporation (NYSE:KMPR)

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