Kemper Corporation (NYSE:KMPR – Get Free Report) shares were down 6% during trading on Monday . The stock traded as low as $25.82 and last traded at $25.78. 203,903 shares traded hands during trading, a decline of 80% from the average session volume of 1,030,208 shares. The stock had previously closed at $27.42.
Wall Street Analysts Forecast Growth
KMPR has been the topic of a number of analyst reports. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. UBS Group reduced their target price on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Piper Sandler decreased their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Finally, Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $43.67.
Get Our Latest Stock Analysis on KMPR
Kemper Stock Performance
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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.30 EPS. The firm’s revenue was down 10.8% compared to the same quarter last year. On average, equities analysts forecast that Kemper Corporation will post 1.97 earnings per share for the current year.
Kemper Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, August 21st. Kemper’s dividend payout ratio is presently -15.24%.
Insider Activity at Kemper
In related news, CEO Stephen J. Mcanena bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $26.50 per share, with a total value of $79,500.00. Following the completion of the purchase, the chief executive officer directly owned 30,945 shares in the company, valued at $820,042.50. The trade was a 10.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Carl Thomas Jr. Evans purchased 1,000 shares of Kemper stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $26.53 per share, with a total value of $26,530.00. Following the completion of the acquisition, the executive vice president directly owned 91,629 shares of the company’s stock, valued at approximately $2,430,917.37. This trade represents a 1.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 14,000 shares of company stock worth $367,880. Corporate insiders own 0.61% of the company’s stock.
Hedge Funds Weigh In On Kemper
Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its position in Kemper by 39.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock valued at $330,000 after buying an additional 1,406 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Kemper by 16.2% in the first quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock worth $37,288,000 after acquiring an additional 77,764 shares in the last quarter. United Services Automobile Association acquired a new stake in Kemper in the first quarter valued at approximately $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Kemper by 4.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock valued at $13,253,000 after acquiring an additional 9,008 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Kemper by 112.7% during the first quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock valued at $703,000 after acquiring an additional 5,573 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Kemper
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
- D-Wave Has Momentum—What Does It Need to Keep It Going?
Receive News & Ratings for Kemper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper and related companies with MarketBeat.com's FREE daily email newsletter.
