AlphaQuest LLC Buys 1,531 Shares of Kemper Corporation $KMPR

AlphaQuest LLC grew its stake in shares of Kemper Corporation (NYSE:KMPR) by 15.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,529 shares of the insurance provider’s stock after buying an additional 1,531 shares during the period. AlphaQuest LLC’s holdings in Kemper were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Federated Hermes Inc. raised its position in shares of Kemper by 4.8% during the first quarter. Federated Hermes Inc. now owns 5,688 shares of the insurance provider’s stock valued at $380,000 after buying an additional 263 shares during the last quarter. CX Institutional raised its position in shares of Kemper by 50.3% during the second quarter. CX Institutional now owns 861 shares of the insurance provider’s stock valued at $56,000 after buying an additional 288 shares during the last quarter. Allworth Financial LP raised its position in shares of Kemper by 68.8% during the first quarter. Allworth Financial LP now owns 883 shares of the insurance provider’s stock valued at $59,000 after buying an additional 360 shares during the last quarter. KBC Group NV raised its position in shares of Kemper by 14.3% during the first quarter. KBC Group NV now owns 2,948 shares of the insurance provider’s stock valued at $197,000 after buying an additional 369 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Kemper by 27.0% during the first quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock valued at $115,000 after buying an additional 369 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Insider Transactions at Kemper

In related news, Director Jason N. Gorevic purchased 2,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $49.14 per share, for a total transaction of $98,280.00. Following the completion of the acquisition, the director owned 22,072 shares in the company, valued at approximately $1,084,618.08. This trade represents a 9.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gerald Laderman acquired 3,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $49.37 per share, with a total value of $148,110.00. Following the completion of the purchase, the director owned 24,635 shares of the company’s stock, valued at $1,216,229.95. This trade represents a 13.87% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Kemper in a research note on Thursday, August 7th. Raymond James Financial downgraded shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Wednesday, October 15th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Wall Street Zen downgraded shares of Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Piper Sandler reaffirmed an “underweight” rating and set a $50.00 price target (down previously from $75.00) on shares of Kemper in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.25.

Kemper Stock Down 2.8%

Shares of KMPR opened at $46.42 on Tuesday. The firm has a fifty day moving average price of $51.44 and a 200-day moving average price of $57.55. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2.91 billion, a P/E ratio of 8.74 and a beta of 1.25. Kemper Corporation has a 12-month low of $45.02 and a 12-month high of $73.01.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Kemper had a return on equity of 14.39% and a net margin of 7.18%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 earnings per share. Equities research analysts expect that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper announced that its board has authorized a share buyback program on Tuesday, August 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the insurance provider to repurchase up to 12.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.32 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. Kemper’s dividend payout ratio is presently 24.11%.

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.