The Manufacturers Life Insurance Company Has $395,000 Stake in Kemper Corporation $KMPR

The Manufacturers Life Insurance Company reduced its position in shares of Kemper Corporation (NYSE:KMPR) by 70.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,917 shares of the insurance provider’s stock after selling 30,790 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Kemper were worth $395,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of Kemper by 187.1% during the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 421 shares during the last quarter. Danske Bank A S bought a new stake in shares of Kemper in the 3rd quarter valued at about $36,000. Rockefeller Capital Management L.P. lifted its stake in Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 814 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Kemper by 11,455.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 1,031 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Kemper by 57.5% during the fourth quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 507 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Activity at Kemper

In other news, Director Jason N. Gorevic purchased 5,000 shares of Kemper stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $25.91 per share, for a total transaction of $129,550.00. Following the purchase, the director directly owned 31,802 shares of the company’s stock, valued at $823,989.82. This trade represents a 18.66% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Laderman acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director owned 33,365 shares in the company, valued at approximately $883,838.85. This represents a 13.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 14,000 shares of company stock valued at $367,880 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Kemper Stock Up 1.8%

Shares of KMPR opened at $27.38 on Friday. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $54.90. The firm has a market cap of $1.61 billion, a P/E ratio of -3.26 and a beta of 1.04. The firm’s 50-day simple moving average is $27.52 and its 200 day simple moving average is $30.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. On average, analysts forecast that Kemper Corporation will post 1.97 earnings per share for the current year.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 4.7%. Kemper’s dividend payout ratio is presently -15.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KMPR. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. UBS Group cut their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Finally, Piper Sandler dropped their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kemper has an average rating of “Reduce” and an average price target of $43.67.

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.