Kemper Corporation $KMPR Position Reduced by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its holdings in Kemper Corporation (NYSE:KMPR) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,331 shares of the insurance provider’s stock after selling 16,300 shares during the quarter. First Eagle Investment Management LLC’s holdings in Kemper were worth $12,929,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Kemper by 7.5% during the first quarter. Envestnet Asset Management Inc. now owns 35,263 shares of the insurance provider’s stock valued at $2,357,000 after purchasing an additional 2,461 shares during the last quarter. M&T Bank Corp acquired a new position in Kemper during the first quarter valued at approximately $301,000. Allworth Financial LP raised its holdings in Kemper by 68.8% in the 1st 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. Cerity Partners LLC increased its stake in shares of Kemper by 74.7% in the first quarter. Cerity Partners LLC now owns 35,334 shares of the insurance provider’s stock worth $2,362,000 after purchasing an additional 15,106 shares during the period. Finally, CWM LLC boosted its stake in Kemper by 63.3% during the 1st quarter. CWM LLC now owns 30,401 shares of the insurance provider’s stock valued at $2,032,000 after purchasing an additional 11,780 shares during the period. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on KMPR. Cowen reaffirmed a “buy” rating on shares of Kemper in a report on Thursday, August 7th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Raymond James Financial cut Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a report on Wednesday, October 15th. Piper Sandler lowered their price objective on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday. Finally, JMP Securities reduced their target price on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 6th. Three equities 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.50.

Kemper Price Performance

Shares of KMPR stock opened at $37.07 on Friday. The firm’s 50 day moving average price is $49.50 and its two-hundred day moving average price is $56.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.21 and a current ratio of 0.21. Kemper Corporation has a 52-week low of $33.91 and a 52-week high of $73.01. The stock has a market cap of $2.33 billion, a PE ratio of 6.98 and a beta of 1.23.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($1.00). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Kemper had a return on equity of 14.39% and a net margin of 7.18%.The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. As a group, analysts forecast that Kemper Corporation will post 6.03 EPS for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Monday, November 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 17th. Kemper’s payout ratio is presently 24.11%.

Kemper announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.