Beese Fulmer Investment Management Lowers stake in Kemper Corp (KMPR)

Kemper Corp (KMPR) : Beese Fulmer Investment Management reduced its stake in Kemper Corp by 2.86% during the most recent quarter end. The investment management company now holds a total of 81,413 shares of Kemper Corp which is valued at $2,772,927 after selling 2,400 shares in Kemper Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Kemper Corp makes up approximately 0.77% of Beese Fulmer Investment Management’s portfolio.

Other Hedge Funds, Including , Country Club Trust Company N.a. boosted its stake in KMPR in the latest quarter, The investment management firm added 288 additional shares and now holds a total of 91,752 shares of Kemper Corp which is valued at $3,163,609. Kemper Corp makes up approx 0.45% of Country Club Trust Company N.a.’s portfolio. Bnp Paribas Arbitrage Sa added KMPR to its portfolio by purchasing 24,601 company shares during the most recent quarter which is valued at $799,286.

Kemper Corp opened for trading at $33.96 and hit $34.48 on the upside on Thursday, eventually ending the session at $34.31, with a gain of 0.73% or 0.25 points. The heightened volatility saw the trading volume jump to 97,982 shares. Company has a market cap of $1,754 M.

On the company’s financial health, Kemper Corp reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.15. The company had revenue of $627.20 million for the quarter, compared to analysts expectations of $610.01 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Kemper Corp. Kemper Corp was Downgraded by Sandler O’Neill to ” Hold” on May 9, 2016.

Kemper Corporation (Kemper) is a diversified insurance holding company with subsidiaries that provide automobile homeowners life health and other insurance products to individuals and businesses. Through its subsidiaries the Company is engaged in the property and casualty insurance and life and health insurance businesses. It operates in two segments. The Property & Casualty Insurance segment’s products include personal automobile insurance both standard and nonstandard risks homeowners insurance other personal insurance and commercial automobile insurance. These products are primarily distributed through independent agents employer-sponsored voluntary benefit programs and other affinity relationships. The Life & Health Insurance segment’s products include individual life accident health and property insurance. These products are distributed by career agents employed by the Company as well as exclusive and non-exclusive independent agents and brokers.

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