Kemper Corporation $KMPR Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Kemper Corporation (NYSE:KMPR) by 137.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,571 shares of the insurance provider’s stock after acquiring an additional 61,629 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Kemper worth $6,878,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC boosted its stake in Kemper by 59.7% in the 1st quarter. Jump Financial LLC now owns 19,400 shares of the insurance provider’s stock worth $1,297,000 after buying an additional 7,255 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Kemper in the second quarter worth about $490,000. Moran Wealth Management LLC purchased a new position in shares of Kemper during the 2nd quarter valued at $608,000. Versor Investments LP bought a new stake in Kemper in the second quarter worth approximately $1,870,000. Finally, Cerity Partners LLC grew its holdings in Kemper by 74.7% in the 1st quarter. Cerity Partners LLC now owns 35,334 shares of the insurance provider’s stock valued at $2,362,000 after buying an additional 15,106 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on KMPR shares. Weiss Ratings lowered Kemper from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Cowen reiterated a “buy” rating on shares of Kemper in a research note on Thursday, August 7th. Piper Sandler reduced their price target on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. JMP Securities lowered their target price on Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 6th. Finally, Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kemper currently has an average rating of “Hold” and a consensus price target of $63.50.

Kemper Trading Down 1.5%

NYSE KMPR opened at $36.85 on Thursday. The stock’s fifty day moving average price is $48.49 and its 200-day moving average price is $56.20. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.32. Kemper Corporation has a 12 month low of $33.91 and a 12 month high of $73.01. The stock has a market cap of $2.16 billion, a P/E ratio of 6.94 and a beta of 1.23.

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

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

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Monday, November 17th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, November 17th. This represents a $1.28 dividend on an annualized basis and a yield of 3.5%. Kemper’s dividend payout ratio is 33.42%.

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.