The Manufacturers Life Insurance Company acquired a new position in shares of Kemper Corporation (NYSE:KMPR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,274 shares of the insurance provider’s stock, valued at approximately $816,000.
Several other institutional investors have also modified their holdings of KMPR. BlackRock Inc. acquired a new stake in Kemper during the 2nd quarter worth $227,331,000. AQR Capital Management LLC lifted its position in Kemper by 40.1% in the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock valued at $143,323,000 after acquiring an additional 795,131 shares during the last quarter. Wellington Management Group LLP boosted its stake in Kemper by 12.9% in the third quarter. Wellington Management Group LLP now owns 2,776,543 shares of the insurance provider’s stock valued at $143,131,000 after acquiring an additional 316,216 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Kemper by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,472,276 shares of the insurance provider’s stock valued at $100,227,000 after acquiring an additional 140,539 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Kemper by 0.5% during the second quarter. State Street Corp now owns 2,212,025 shares of the insurance provider’s stock worth $142,764,000 after purchasing an additional 10,213 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.
Insider Transactions at Kemper
In related news, Director Jason N. Gorevic acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $25.91 per share, with a total value of $129,550.00. Following the transaction, the director owned 31,802 shares of the company’s stock, valued at $823,989.82. The trade was a 18.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bradley T. Camden bought 1,000 shares of the 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 completion of the purchase, the chief financial officer directly owned 51,259 shares in the company, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 14,000 shares of company stock worth $367,880 over the last three months. 0.61% of the stock is currently owned by company insiders.
Kemper Stock Down 2.6%
Kemper (NYSE:KMPR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $1.30 earnings per share. Kemper’s quarterly revenue was down 10.8% on a year-over-year basis. Sell-side analysts predict that Kemper Corporation will post 2.02 EPS for the current year.
Kemper Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Kemper’s dividend payout ratio (DPR) is currently -15.24%.
Analysts Set New Price Targets
A number of analysts have recently commented on KMPR shares. TD Cowen cut their target price on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Wall Street Zen cut Kemper from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. UBS Group dropped their price target on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Kemper presently has an average rating of “Reduce” and an average target price of $43.25.
Read Our Latest Analysis on Kemper
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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