Stephen Mcanena Buys 3,000 Shares of Kemper (NYSE:KMPR) Stock

Kemper Corporation (NYSE:KMPRGet Free Report) CEO Stephen Mcanena acquired 3,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the acquisition, the chief executive officer directly owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. This trade represents a 10.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Kemper Trading Up 1.8%

Kemper stock opened at $27.38 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $54.90. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.26 and a beta of 1.04. The stock has a 50-day moving average price of $27.52 and a 200 day moving average price of $30.05.

Kemper (NYSE:KMPRGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Kemper’s quarterly revenue was down 10.8% on a year-over-year basis. Sell-side analysts anticipate that Kemper Corporation will post 1.97 EPS for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.32 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. Kemper’s dividend payout ratio is presently -15.24%.

Institutional Trading of Kemper

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Kemper in the second quarter valued at $227,331,000. Walleye Capital LLC acquired a new position in shares of Kemper in the second quarter worth about $21,709,000. AQR Capital Management LLC boosted its stake in shares of Kemper by 40.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after acquiring an additional 795,131 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Kemper by 129.8% during the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock worth $57,512,000 after acquiring an additional 630,241 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Kemper during the 4th quarter valued at about $24,324,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KMPR shares. UBS Group decreased their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Piper Sandler reduced their price objective on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $43.67.

Read Our Latest Stock Analysis on Kemper

About Kemper

(Get Free Report)

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.

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