Algebris UK Ltd. Acquires New Position in Kemper Corporation $KMPR

Algebris UK Ltd. acquired a new stake in Kemper Corporation (NYSE:KMPRFree Report) during the fourth quarter, Holdings Channel.com reports. The fund acquired 171,387 shares of the insurance provider’s stock, valued at approximately $6,951,000.

A number of other hedge funds have also added to or reduced their stakes in KMPR. Hantz Financial Services Inc. grew its position in Kemper by 1,098.0% in the third quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 538 shares during the last quarter. Jones Financial Companies Lllp grew its position in Kemper by 73.5% in the third quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 278 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Kemper in the third quarter valued at about $36,000. Danske Bank A S bought a new position in Kemper in the third quarter valued at about $36,000. Finally, Signaturefd LLC bought a new position in Kemper in the fourth quarter valued at about $32,000. 86.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KMPR has been the topic of a number of recent analyst reports. Weiss Ratings cut Kemper from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 17th. UBS Group decreased their target price on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Wall Street Zen cut shares of Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, Citigroup cut shares of Kemper to a “market perform” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $51.75.

Read Our Latest Stock Report on Kemper

Kemper Stock Performance

Shares of KMPR stock opened at $29.51 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $1.74 billion, a PE ratio of 47.60 and a beta of 1.16. The business’s 50 day simple moving average is $31.11 and its 200 day simple moving average is $35.42. Kemper Corporation has a one year low of $27.74 and a one year high of $65.32.

Kemper (NYSE:KMPRGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.65 EPS. As a group, research analysts forecast that Kemper Corporation will post 2.25 earnings per share for the current year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. Kemper’s dividend payout ratio is 206.45%.

Kemper Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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