Kemper Corporation $KMPR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Kemper Corporation (NYSE:KMPR) by 2.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 515,926 shares of the insurance provider’s stock after selling 10,307 shares during the period. Bank of New York Mellon Corp’s holdings in Kemper were worth $33,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd acquired a new position in Kemper during the first quarter worth $44,000. IFP Advisors Inc lifted its holdings in Kemper by 651.6% in the second quarter. IFP Advisors Inc now owns 699 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 606 shares during the period. CX Institutional boosted its position in shares of Kemper by 50.3% during the 2nd quarter. CX Institutional now owns 861 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 288 shares in the last quarter. Allworth Financial LP grew its stake in shares of Kemper by 68.8% during the 1st quarter. Allworth Financial LP now owns 883 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 360 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Kemper in the 1st quarter valued at about $70,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Stock Performance

Shares of NYSE KMPR opened at $37.86 on Friday. The company has a 50-day simple moving average of $48.16 and a 200-day simple moving average of $56.07. 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 company has a market cap of $2.22 billion, a PE ratio of 7.13 and a beta of 1.23. Kemper Corporation has a 12 month low of $33.91 and a 12 month high of $73.01.

Kemper (NYSE:KMPR) last announced its earnings results 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). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Kemper had a return on equity of 14.39% and a net margin of 7.18%.The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. On average, equities analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper declared that its board has authorized a stock buyback program on Tuesday, August 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 12.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Monday, November 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.4%. Kemper’s payout ratio is currently 33.42%.

Analysts Set New Price Targets

KMPR has been the topic of several recent analyst reports. Raymond James Financial lowered 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 report on Wednesday, October 15th. Wall Street Zen lowered Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. JMP Securities lowered their price target on 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 downgraded Kemper from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Finally, Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.50.

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.