GSA Capital Partners LLP bought a new stake in Kemper Corporation (NYSE:KMPR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 105,293 shares of the insurance provider’s stock, valued at approximately $2,839,000.
Several other institutional investors and hedge funds have also modified their holdings of KMPR. Huntington National Bank grew its position in Kemper by 187.1% during the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 421 shares during the last quarter. Danske Bank A S bought a new position in Kemper in the 3rd quarter valued at $36,000. Rockefeller Capital Management L.P. boosted its stake in Kemper by 616.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 814 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Kemper by 11,455.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 1,031 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Kemper by 57.5% during the fourth quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 507 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Kemper news, CFO Bradley T. Camden bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the transaction, the chief financial officer owned 51,259 shares of the company’s stock, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jason N. Gorevic purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $25.91 per share, for a total transaction of $129,550.00. Following the purchase, the director owned 31,802 shares in the company, valued at $823,989.82. This trade represents a 18.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 14,000 shares of company stock worth $367,880. Corporate insiders own 0.61% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on KMPR
Kemper Stock Up 1.8%
NYSE KMPR opened at $27.38 on Friday. The stock has a market capitalization of $1.61 billion, a P/E ratio of -3.26 and a beta of 1.04. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $54.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a fifty day moving average of $27.52 and a 200-day moving average of $30.05.
Kemper (NYSE:KMPR – Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 2.89% and a negative net margin of 10.84%.The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business posted $1.30 EPS. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. On average, equities research analysts forecast 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. Shareholders of record on Friday, August 21st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a yield of 4.7%. Kemper’s dividend payout ratio (DPR) is presently -15.24%.
Kemper Company Profile
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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