SG Americas Securities LLC lowered its stake in shares of Kemper Corporation (NYSE:KMPR – Free Report) by 62.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,262 shares of the insurance provider’s stock after selling 49,245 shares during the quarter. SG Americas Securities LLC’s holdings in Kemper were worth $894,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd purchased a new position in shares of Kemper in the third quarter worth about $5,020,000. Tudor Investment Corp ET AL boosted its holdings in shares of Kemper by 64.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 223,403 shares of the insurance provider’s stock worth $11,516,000 after purchasing an additional 87,272 shares during the last quarter. First Trust Advisors LP grew its position in shares of Kemper by 44.1% in the third quarter. First Trust Advisors LP now owns 736,183 shares of the insurance provider’s stock valued at $37,950,000 after purchasing an additional 225,476 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kemper by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,331,737 shares of the insurance provider’s stock valued at $120,201,000 after purchasing an additional 97,354 shares in the last quarter. Finally, Lakewood Capital Management LP increased its holdings in shares of Kemper by 13.7% in the third quarter. Lakewood Capital Management LP now owns 1,181,090 shares of the insurance provider’s stock valued at $60,885,000 after purchasing an additional 142,000 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on KMPR shares. Piper Sandler reduced their price objective on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group reduced their price target on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Kemper in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $51.75.
Kemper Stock Performance
Shares of KMPR stock opened at $28.75 on Monday. The firm has a market cap of $1.69 billion, a P/E ratio of 46.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18. Kemper Corporation has a one year low of $22.69 and a one year high of $64.23. The firm’s 50 day moving average price is $27.97 and its 200-day moving average price is $32.37.
Kemper (NYSE:KMPR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.60). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 EPS. As a group, equities research analysts predict that Kemper Corporation will post 2.03 EPS for the current year.
Kemper Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.32 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.28 annualized dividend and a dividend yield of 4.5%. Kemper’s dividend payout ratio (DPR) is 206.45%.
About Kemper
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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