Kemper Corporation $KMPR Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC raised its holdings in Kemper Corporation (NYSE:KMPR) by 79.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,878 shares of the insurance provider’s stock after purchasing an additional 2,598 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Kemper were worth $379,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bayforest Capital Ltd acquired a new position in shares of Kemper during the first quarter worth about $44,000. IFP Advisors Inc increased its stake in shares of Kemper by 651.6% during the second quarter. IFP Advisors Inc now owns 699 shares of the insurance provider’s stock worth $45,000 after acquiring an additional 606 shares during the period. CX Institutional increased its stake in shares of Kemper by 50.3% during the second quarter. CX Institutional now owns 861 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 288 shares during the period. Allworth Financial LP increased its stake in shares of Kemper by 68.8% during the first quarter. Allworth Financial LP now owns 883 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 360 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Kemper during the first quarter worth about $70,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Stock Down 0.8%

Shares of NYSE KMPR opened at $44.92 on Friday. Kemper Corporation has a 12-month low of $44.82 and a 12-month high of $73.01. The company has a market capitalization of $2.82 billion, a PE ratio of 8.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.21. The firm’s 50-day moving average is $50.95 and its two-hundred day moving average is $57.30.

Kemper (NYSE:KMPR) last announced its quarterly earnings results 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). Kemper had a net margin of 7.18% and a return on equity of 14.39%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts anticipate that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

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

Kemper declared that its board has authorized a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 12.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

KMPR has been the topic of a number of recent analyst reports. Piper Sandler reiterated an “underweight” rating and set a $50.00 price target (down from $75.00) on shares of Kemper in a research note on Wednesday, August 6th. JMP Securities decreased their price objective on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kemper in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Kemper from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kemper has an average rating of “Hold” and a consensus target price of $67.25.

Insider Buying and Selling

In other news, Director Jason N. Gorevic acquired 2,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $49.14 per share, with a total value of $98,280.00. Following the completion of the transaction, the director directly owned 22,072 shares in the company, valued at approximately $1,084,618.08. This represents a 9.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Laderman acquired 3,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $49.37 per share, with a total value of $148,110.00. Following the transaction, the director owned 24,635 shares of the company’s stock, valued at approximately $1,216,229.95. The trade was a 13.87% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 6.20% of the company’s stock.

About Kemper

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.