Gerald Laderman Purchases 2,500 Shares of Kemper Co. (NYSE:KMPR) Stock

Kemper Co. (NYSE:KMPR) Director Gerald Laderman purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average price of $62.24 per share, for a total transaction of $155,600.00. Following the acquisition, the director now owns 21,635 shares in the company, valued at $1,346,562.40. This trade represents a 13.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kemper Stock Performance

Kemper stock traded up $1.05 during mid-day trading on Wednesday, hitting $62.53. The company had a trading volume of 176,404 shares, compared to its average volume of 385,487. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 12.72 and a beta of 1.30. Kemper Co. has a 12-month low of $53.57 and a 12-month high of $73.01. The company’s fifty day moving average is $60.89 and its 200-day moving average is $64.77. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 EPS. Equities research analysts predict that Kemper Co. will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, May 19th. Kemper’s payout ratio is currently 23.93%.

Institutional Investors Weigh In On Kemper

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in Kemper by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock worth $36,080,000 after purchasing an additional 28,807 shares during the period. Nuveen Asset Management LLC increased its position in shares of Kemper by 54.0% in the fourth quarter. Nuveen Asset Management LLC now owns 237,813 shares of the insurance provider’s stock valued at $15,800,000 after buying an additional 83,372 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Kemper by 27.2% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider’s stock worth $380,000 after buying an additional 1,221 shares during the period. Sterling Capital Management LLC raised its stake in shares of Kemper by 52.0% during the 4th quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider’s stock worth $242,000 after buying an additional 1,246 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Kemper by 10.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 371,144 shares of the insurance provider’s stock valued at $24,659,000 after buying an additional 36,004 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler dropped their price objective on shares of Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered shares of Kemper from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kemper has a consensus rating of “Buy” and a consensus target price of $79.40.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.