The Senior Vice President and General Counsel at Kemper Corporation (NYSE:KMPR), Scott Renwick, sold off nearly 10,000 of his company shares in a two-day transaction, completed yesterday. Renwick initiated the sale of his stock on Friday, by unloading 6,000 shares of Common Stock, directly, at a price of $37.01 per share. The second batch of stock was sold yesterday, and included 3,864 shares of Common Stock at the aforementioned price. However, this isn’t the first sale executed by Kemper’s Vice President, as he has been selling off his company shares in small amounts, ranging between 1,000 and 2,000 shares, throughout all of June. Moreover, Renwick still owns 30,320 company holdings.
On another note, many hedge funds remain confident in their shareholder position at Kemper Corp. The company comprises 0.5% of Millennium Management’s portfolio, the hedge fund run by Israel Englander, with a sum of 489,051 shares, worth over $19 million. Other strong hedge fund positions include Chuck Royce’s Royce & Associates, which owns 247,800 company shares, with a value of $9.7 million.
Disclosure: none
