Advisor Consultant Network Inc. Buys Shares of 89,907 Kemper Corp. (KMPR)
Advisor Consultant Network Inc. bought a new position in Kemper Corp. (NYSE:KMPR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 89,907 shares of the company’s stock, valued at approximately $3,535,000. Advisor Consultant Network Inc. owned about 0.18% of Kemper Corp. as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of KMPR. Thompson Rubinstein Investment Management Inc. OR boosted its position in Kemper Corp. by 12.9% in the third quarter. Thompson Rubinstein Investment Management Inc. OR now owns 80,635 shares of the company’s stock worth $3,171,000 after buying an additional 9,222 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Kemper Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 16,818 shares of the company’s stock worth $661,000 after buying an additional 331 shares in the last quarter. Mason Street Advisors LLC acquired a new position in Kemper Corp. during the second quarter worth $679,000. Royal Bank of Canada boosted its position in Kemper Corp. by 0.4% in the second quarter. Royal Bank of Canada now owns 73,252 shares of the company’s stock worth $2,270,000 after buying an additional 267 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Kemper Corp. by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 6,251 shares of the company’s stock worth $194,000 after buying an additional 180 shares in the last quarter. 57.47% of the stock is owned by institutional investors and hedge funds.
Kemper Corp. (NYSE:KMPR) traded up 0.74% during midday trading on Wednesday, reaching $40.95. The company’s stock had a trading volume of 176,428 shares. Kemper Corp. has a 1-year low of $23.51 and a 1-year high of $41.57. The company’s market capitalization is $2.10 billion. The company has a 50 day moving average of $38.56 and a 200-day moving average of $35.78.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.96 annualized dividend and a yield of 2.34%. Kemper Corp.’s payout ratio is currently -505.26%.
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A number of brokerages recently commented on KMPR. Langen Mcalenn cut Kemper Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Janney Montgomery Scott cut Kemper Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, August 10th. Zacks Investment Research upgraded Kemper Corp. from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Wednesday, October 26th. William Blair restated a “market perform” rating on shares of Kemper Corp. in a report on Saturday, September 10th. Finally, TheStreet lowered Kemper Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Six analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $42.00.
Kemper Corp. Company Profile
Kemper Corporation is a diversified insurance holding company. The Company, through the subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company, through its subsidiaries, is engaged in the property and casualty insurance and life and health insurance businesses.
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