Kemper (NYSE:KMPR) CEO Stephen Mcanena Acquires 3,000 Shares of Stock

Kemper Corporation (NYSE:KMPR) CEO Stephen Mcanena acquired 3,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the purchase, the chief executive officer owned 30,945 shares in the company, valued at $820,042.50. The trade was a 10.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kemper Stock Performance

Shares of KMPR opened at $26.91 on Friday. Kemper Corporation has a 12-month low of $22.69 and a 12-month high of $54.90. The stock has a market cap of $1.59 billion, a P/E ratio of -3.20 and a beta of 1.04. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $27.47 and a two-hundred day moving average of $30.07.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, research analysts predict that Kemper Corporation will post 1.97 EPS for the current fiscal year.

Kemper Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Kemper

Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Kemper by 125.8% during the first quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock worth $8,693,000 after purchasing an additional 158,488 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Kemper by 1,888.9% in the first quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider’s stock valued at $6,577,000 after buying an additional 203,417 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Kemper in the first quarter valued at about $1,622,000. Renaissance Technologies LLC raised its holdings in shares of Kemper by 34.7% during the 1st quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider’s stock valued at $11,656,000 after buying an additional 98,200 shares during the period. Finally, Walleye Capital LLC lifted its position in Kemper by 102.1% during the 1st quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider’s stock worth $9,938,000 after acquiring an additional 164,315 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

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.