Kemper (NYSE:KMPR) CEO Purchases 3,000 Shares

Kemper Corporation (NYSE:KMPR) CEO Stephen Mcanena bought 3,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the purchase, the chief executive officer directly owned 30,945 shares in the company, valued at approximately $820,042.50. This represents a 10.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kemper Price Performance

Shares of KMPR stock traded up $0.40 during trading hours on Thursday, reaching $26.91. The company had a trading volume of 815,148 shares, compared to its average volume of 1,037,506. Kemper Corporation has a 12-month low of $22.69 and a 12-month high of $54.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -3.20 and a beta of 1.04. The stock has a fifty day moving average of $27.41 and a 200-day moving average of $30.16.

Kemper (NYSE:KMPR) last released its quarterly earnings data 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 company had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $1.30 earnings per share. On average, equities analysts anticipate that Kemper Corporation will post 1.93 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 4.8%. Kemper’s payout ratio is presently -15.24%.

Institutional Trading of Kemper

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMPR. UBS Group cut 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 lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Weiss Ratings cut shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Piper Sandler reduced 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. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $43.67.

Kemper Company Profile

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.