Insider Buying: Kemper (NYSE:KMPR) Director Acquires $129,550.00 in Stock

Kemper Corporation (NYSE:KMPR) Director Jason Gorevic purchased 5,000 shares of Kemper stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $25.91 per share, with a total value of $129,550.00. Following the completion of the purchase, the director owned 31,802 shares in the company, valued at approximately $823,989.82. This trade represents a 18.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kemper Price Performance

Shares of Kemper stock traded down $0.18 on Tuesday, hitting $26.21. The company had a trading volume of 812,287 shares, compared to its average volume of 1,039,576. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $54.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $1.54 billion, a PE ratio of -3.12 and a beta of 1.04. The business has a 50-day simple moving average of $27.29 and a 200-day simple moving average of $30.33.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. Research analysts expect that Kemper Corporation will post 1.93 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a $0.32 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 4.9%. Kemper’s dividend payout ratio is -15.24%.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMPR. Piper Sandler dropped their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. UBS Group reduced their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Kemper from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings cut shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $43.67.

Hedge Funds Weigh In On Kemper

A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in shares of Kemper by 125.8% during the first quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock valued at $8,693,000 after acquiring an additional 158,488 shares during the period. Hsbc Holdings PLC grew its position in Kemper by 1,888.9% during the 1st quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider’s stock worth $6,577,000 after purchasing an additional 203,417 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Kemper during the 1st quarter worth approximately $1,622,000. Renaissance Technologies LLC raised its stake in Kemper by 34.7% during the 1st quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider’s stock valued at $11,656,000 after purchasing an additional 98,200 shares during the period. Finally, Walleye Capital LLC lifted its holdings in shares of Kemper by 102.1% in the first quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider’s stock valued at $9,938,000 after purchasing an additional 164,315 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.