First Eagle Investment Management LLC Sells 16,300 Shares of Kemper Corporation $KMPR

First Eagle Investment Management LLC decreased its stake in Kemper Corporation (NYSE:KMPR) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,331 shares of the insurance provider’s stock after selling 16,300 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.31% of Kemper worth $12,929,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KMPR. Bayforest Capital Ltd bought a new stake in Kemper in the 1st quarter worth approximately $44,000. IFP Advisors Inc grew its holdings in shares of Kemper by 651.6% in the second quarter. IFP Advisors Inc now owns 699 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 606 shares in the last quarter. CX Institutional increased its position in Kemper by 50.3% in the second quarter. CX Institutional now owns 861 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 288 shares during the last quarter. Allworth Financial LP raised its stake in 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 purchasing an additional 360 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Kemper during the first quarter valued at $70,000. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities reduced their target price on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 6th. Cowen restated a “buy” rating on shares of Kemper in a research report on Thursday, August 7th. Wall Street Zen lowered Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Piper Sandler cut their target price on Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kemper presently has a consensus rating of “Hold” and a consensus price target of $63.50.

Kemper Stock Up 1.5%

KMPR opened at $37.07 on Friday. Kemper Corporation has a 52 week low of $33.91 and a 52 week high of $73.01. The firm has a market cap of $2.33 billion, a P/E ratio of 6.98 and a beta of 1.23. The business’s fifty day simple moving average is $49.50 and its 200 day simple moving average is $56.64. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.32.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). Kemper had a net margin of 7.18% and a return on equity of 14.39%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $1.62 EPS. Kemper’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper declared that its board has approved a share repurchase program on Tuesday, August 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the insurance provider to buy up to 12.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Monday, November 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 17th. Kemper’s dividend payout ratio (DPR) is presently 24.11%.

Kemper Profile

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.