Janus Henderson Group PLC Purchases 57,979 Shares of Kemper Co. (NYSE:KMPR)

Janus Henderson Group PLC raised its position in Kemper Co. (NYSE:KMPR) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 515,487 shares of the insurance provider’s stock after purchasing an additional 57,979 shares during the period. Janus Henderson Group PLC owned 0.80% of Kemper worth $31,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KMPR. Khrom Capital Management LLC boosted its stake in Kemper by 414.0% during the first quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock valued at $26,332,000 after buying an additional 342,519 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Kemper during the 1st quarter valued at about $342,000. LRI Investments LLC purchased a new position in shares of Kemper during the first quarter worth about $36,000. Natixis Investment Managers International bought a new position in shares of Kemper in the first quarter worth approximately $556,000. Finally, Thornburg Investment Management Inc. raised its stake in Kemper by 17.2% in the first quarter. Thornburg Investment Management Inc. now owns 195,204 shares of the insurance provider’s stock valued at $12,057,000 after purchasing an additional 28,582 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Price Performance

NYSE:KMPR traded down $0.62 during mid-day trading on Wednesday, reaching $65.14. The stock had a trading volume of 79,929 shares, compared to its average volume of 392,515. The stock has a market capitalization of $4.19 billion, a P/E ratio of -34.59 and a beta of 0.89. The firm has a 50 day moving average price of $60.01 and a two-hundred day moving average price of $59.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21. Kemper Co. has a one year low of $38.32 and a one year high of $65.93.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted ($1.02) earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year. As a group, analysts expect that Kemper Co. will post 4.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Gerald Laderman acquired 5,000 shares of Kemper stock in a transaction dated Friday, May 10th. The shares were purchased at an average cost of $61.01 per share, with a total value of $305,050.00. Following the completion of the purchase, the director now owns 16,700 shares of the company’s stock, valued at $1,018,867. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JMP Securities increased their price target on shares of Kemper from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kemper has an average rating of “Buy” and a consensus target price of $71.40.

Kemper Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.