Phocas Financial Corp. Buys Shares of 118,111 Kemper Corp (NYSE:KMPR)

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Phocas Financial Corp. bought a new stake in Kemper Corp (NYSE:KMPR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 118,111 shares of the insurance provider’s stock, valued at approximately $9,206,000. Phocas Financial Corp. owned 0.18% of Kemper at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KMPR. Valeo Financial Advisors LLC boosted its position in shares of Kemper by 972.4% during the third quarter. Valeo Financial Advisors LLC now owns 622 shares of the insurance provider’s stock worth $48,000 after buying an additional 564 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Kemper during the second quarter worth about $51,000. Parallel Advisors LLC acquired a new position in shares of Kemper during the second quarter worth about $69,000. TRUE Private Wealth Advisors acquired a new position in shares of Kemper during the second quarter worth about $75,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Kemper during the second quarter worth about $80,000. 66.84% of the stock is owned by hedge funds and other institutional investors.

KMPR traded up $1.33 on Wednesday, hitting $74.32. 385,300 shares of the company were exchanged, compared to its average volume of 331,297. Kemper Corp has a 12 month low of $61.57 and a 12 month high of $91.97. The company has a market cap of $4.93 billion, a PE ratio of 17.04 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s fifty day moving average is $73.83 and its 200-day moving average is $79.51.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid a $0.28 dividend. This is a positive change from Kemper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.12 annualized dividend and a yield of 1.51%. Kemper’s dividend payout ratio is currently 25.63%.

Several research firms have recently weighed in on KMPR. ValuEngine upgraded Kemper from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. William Blair lowered Kemper from an “outperform” rating to a “market perform” rating in a report on Thursday, August 22nd. Zacks Investment Research upgraded Kemper from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a report on Friday, November 8th. Finally, UBS Group began coverage on Kemper in a report on Monday, September 9th. They set a “buy” rating and a $87.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $84.67.

In other Kemper news, EVP Kimberly A. Holmes acquired 2,600 shares of the company’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $75.35 per share, for a total transaction of $195,910.00. Following the completion of the purchase, the executive vice president now directly owns 2,600 shares of the company’s stock, valued at $195,910. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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