76,725 Shares in Kemper Corporation $KMPR Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Kemper Corporation (NYSE:KMPR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76,725 shares of the insurance provider’s stock, valued at approximately $2,093,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new stake in shares of Kemper during the second quarter worth $318,000. Lakewood Capital Management LP purchased a new position in Kemper in the second quarter valued at $9,250,000. Legal & General Group Plc purchased a new position in Kemper in the second quarter valued at $3,748,000. The Manufacturers Life Insurance Company acquired a new position in Kemper during the 2nd quarter worth $816,000. Finally, Sanctuary Advisors LLC acquired a new position in Kemper during the 2nd quarter worth $275,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Activity

In related news, Director Jason N. Gorevic purchased 5,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $25.91 per share, for a total transaction of $129,550.00. Following the completion of the purchase, the director directly owned 31,802 shares of the company’s stock, valued at approximately $823,989.82. This trade represents a 18.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bradley T. Camden acquired 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $26.34 per share, for a total transaction of $26,340.00. Following the acquisition, the chief financial officer owned 51,259 shares of the company’s stock, valued at $1,350,162.06. This represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 14,000 shares of company stock valued at $367,880 over the last 90 days. Insiders own 0.61% of the company’s stock.

Kemper Stock Performance

NYSE:KMPR opened at $28.03 on Monday. The firm has a market capitalization of $1.65 billion, a PE ratio of -3.34 and a beta of 1.04. The business’s fifty day moving average price is $27.98 and its 200 day moving average price is $29.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. Kemper Corporation has a 12 month low of $22.69 and a 12 month high of $54.64.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) 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 positive return on equity of 2.89% and a negative net margin of 10.84%.Kemper’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 EPS. On average, sell-side analysts anticipate that Kemper Corporation will post 2.02 earnings per share for the current fiscal year.

Kemper Announces Dividend

The firm 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s dividend payout ratio (DPR) is -15.24%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KMPR shares. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. UBS Group lowered 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. Piper Sandler cut their target price 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. Weiss Ratings cut shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Kemper from a “hold” rating to a “sell” rating in a research note on Saturday. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $43.25.

Kemper 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.