Man Group plc Invests $7.67 Million in Kemper Corporation $KMPR

Man Group plc acquired a new stake in Kemper Corporation (NYSE:KMPR) during the second quarter, Holdings Channel reports. The institutional investor acquired 284,350 shares of the insurance provider’s stock, valued at approximately $7,666,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Kemper during the second quarter worth $227,331,000. Walleye Capital LLC bought a new stake in Kemper during the 2nd quarter worth about $21,709,000. AQR Capital Management LLC lifted its position in Kemper by 40.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after buying an additional 795,131 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Kemper by 129.8% during the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock worth $57,512,000 after buying an additional 630,241 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Kemper during the 4th quarter worth about $24,324,000. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Kemper from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler decreased their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. TD Cowen dropped their price target on Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a report on Thursday. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings cut shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kemper presently has an average rating of “Reduce” and an average target price of $43.25.

Insider Activity

In other Kemper news, Director Gerald Laderman purchased 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $26.49 per share, with a total value of $105,960.00. Following the acquisition, the director owned 33,365 shares of the company’s stock, valued at approximately $883,838.85. This represents a 13.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bradley T. Camden acquired 1,000 shares of Kemper stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $26.34 per share, for a total transaction of $26,340.00. Following the completion of the purchase, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. This represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 14,000 shares of company stock valued at $367,880. Corporate insiders own 0.61% of the company’s stock.

Kemper Trading Up 1.4%

Shares of Kemper stock opened at $28.03 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper Corporation has a 12-month low of $22.69 and a 12-month high of $54.64. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.34 and a beta of 1.04. The firm’s 50-day moving average price is $27.98 and its two-hundred day moving average price is $29.33.

Kemper (NYSE:KMPR) last issued its quarterly 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 EPS. On average, analysts forecast that Kemper Corporation will post 2.02 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, August 21st. Kemper’s payout ratio is currently -15.24%.

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.