Impact Partnership Wealth LLC Purchases New Shares in Kemper Corporation $KMPR

Impact Partnership Wealth LLC purchased a new stake in Kemper Corporation (NYSE:KMPR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,990 shares of the insurance provider’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Kemper by 0.8% during the 1st quarter. Wellington Management Group LLP now owns 2,759,405 shares of the insurance provider’s stock worth $184,466,000 after purchasing an additional 20,899 shares during the last quarter. Boston Partners boosted its stake in Kemper by 14.3% during the 1st quarter. Boston Partners now owns 1,263,961 shares of the insurance provider’s stock worth $83,357,000 after purchasing an additional 158,102 shares during the last quarter. AQR Capital Management LLC boosted its stake in Kemper by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 1,258,844 shares of the insurance provider’s stock worth $84,154,000 after purchasing an additional 342,649 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in Kemper by 8.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,192,664 shares of the insurance provider’s stock worth $79,730,000 after purchasing an additional 97,770 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Kemper by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock worth $37,288,000 after purchasing an additional 77,764 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Down 0.8%

NYSE KMPR opened at $44.92 on Friday. Kemper Corporation has a 52 week low of $44.82 and a 52 week high of $73.01. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $57.30. The firm has a market cap of $2.82 billion, a PE ratio of 8.46 and a beta of 1.25.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Kemper had a net margin of 7.18% and a return on equity of 14.39%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. As a group, equities analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, August 18th. Kemper’s payout ratio is 24.11%.

Kemper announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on KMPR. Cowen reaffirmed a “buy” rating on shares of Kemper in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kemper in a research note on Wednesday, October 8th. Raymond James Financial cut shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research note on Wednesday, October 15th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen lowered Kemper from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.25.

Insider Activity

In related news, Director Gerald Laderman acquired 3,000 shares of Kemper stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $49.37 per share, for a total transaction of $148,110.00. Following the acquisition, the director owned 24,635 shares in the company, valued at approximately $1,216,229.95. This represents a 13.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jason N. Gorevic acquired 2,000 shares of Kemper stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $49.14 per share, for a total transaction of $98,280.00. Following the completion of the acquisition, the director owned 22,072 shares in the company, valued at $1,084,618.08. This trade represents a 9.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.20% of the stock is currently owned by insiders.

Kemper Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.