Insider Buying: Kemper (NYSE:KMPR) CFO Buys $26,340.00 in Stock

Kemper Corporation (NYSE:KMPR) CFO Bradley Camden purchased 1,000 shares of Kemper stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $26.34 per share, for a total transaction of $26,340.00. Following the transaction, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kemper Price Performance

Shares of NYSE KMPR opened at $26.91 on Friday. The stock has a market capitalization of $1.59 billion, a PE ratio of -3.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The business has a fifty day moving average price of $27.47 and a two-hundred day moving average price of $30.07. Kemper Corporation has a fifty-two week low of $22.69 and a fifty-two week high of $54.90.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company’s revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. As a group, equities analysts predict that Kemper Corporation will post 1.97 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.8%. Kemper’s dividend payout ratio is currently -15.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KMPR shares. Piper Sandler decreased their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. UBS Group cut their price target on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings lowered shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $43.67.

Institutional Trading of Kemper

Several large investors have recently bought and sold shares of the business. Huntington National Bank grew its position in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares during the last quarter. Signaturefd LLC bought a new position in shares of Kemper in the fourth quarter worth about $32,000. Danske Bank A S acquired a new stake in shares of Kemper in the 3rd quarter valued at approximately $36,000. Rockefeller Capital Management L.P. boosted its stake in shares of Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 814 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Kemper by 11,455.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 1,031 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

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.