Engineers Gate Manager LP Buys 19,999 Shares of Kemper Corporation $KMPR

Engineers Gate Manager LP raised its stake in shares of Kemper Corporation (NYSE:KMPR) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,312 shares of the insurance provider’s stock after purchasing an additional 19,999 shares during the quarter. Engineers Gate Manager LP owned approximately 0.17% of Kemper worth $2,704,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted 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 valued at $26,000 after purchasing an additional 421 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Kemper by 616.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after buying an additional 814 shares during the period. Nykredit A S bought a new position in Kemper in the second quarter worth about $31,000. IFP Advisors Inc raised its stake in Kemper by 456.6% in the second quarter. IFP Advisors Inc now owns 1,436 shares of the insurance provider’s stock worth $39,000 after buying an additional 1,178 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Kemper by 181.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,654 shares of the insurance provider’s stock worth $67,000 after buying an additional 1,067 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Kemper Trading Up 2.3%

Shares of NYSE KMPR opened at $27.88 on Tuesday. Kemper Corporation has a 1 year low of $22.69 and a 1 year high of $53.73. 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 firm has a 50-day moving average of $28.10 and a 200 day moving average of $28.95. The stock has a market cap of $1.64 billion, a P/E ratio of -3.32 and a beta of 1.04.

Kemper (NYSE:KMPR) last announced 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. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The business’s revenue was down 10.8% compared to the same quarter last year. As a group, sell-side analysts expect that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Announces Dividend

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

Wall Street Analyst Weigh In

KMPR has been the topic of several research reports. TD Cowen cut their price objective on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Wall Street Zen cut Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, UBS Group reduced their price target on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $43.25.

Insiders Place Their Bets

In related news, Director Gerald Laderman bought 4,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $26.49 per share, with a total value of $105,960.00. Following the completion of the acquisition, the director owned 33,365 shares of the company’s stock, valued at $883,838.85. The trade was a 13.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bradley Camden purchased 1,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $26.34 per share, with a total value of $26,340.00. Following the completion of the acquisition, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at approximately $1,350,162.06. This represents a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 14,000 shares of company stock valued at $367,880. Company insiders own 0.61% of the company’s stock.

Kemper Company Profile

Kemper Corporation is an insurance holding company headquartered in Chicago, Illinois. Through its operating subsidiaries, the company provides property and casualty insurance and life and health insurance products to individuals, families and businesses across the United States.

Kemper’s property and casualty operations focus on personal automobile insurance, including coverage for drivers who may have difficulty obtaining insurance through standard carriers. The company also offers home, renters and other personal insurance products, as well as specialty insurance solutions distributed through independent agents and other channels.

Through Kemper Life, the company provides life insurance products designed primarily for individuals and families, including coverage intended to help with final expenses and other financial needs.