Ieq Capital LLC Invests $831,000 in Kemper Corporation $KMPR

Ieq Capital LLC purchased a new stake in shares of Kemper Corporation (NYSE:KMPR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,823 shares of the insurance provider’s stock, valued at approximately $831,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KMPR. Huntington National Bank lifted its holdings in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 421 shares during the period. Danske Bank A S bought a new stake in shares of Kemper during the 3rd quarter worth about $36,000. Rockefeller Capital Management L.P. lifted 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 worth $38,000 after acquiring an additional 814 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Kemper by 11,455.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 1,031 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Kemper by 57.5% in the fourth quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 507 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Performance

Shares of KMPR opened at $27.58 on Friday. 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 firm’s 50 day moving average is $27.92 and its 200-day moving average is $29.34. Kemper Corporation has a 12-month low of $22.69 and a 12-month high of $54.64. The stock has a market capitalization of $1.63 billion, a P/E ratio of -3.28 and a beta of 1.04.

Kemper (NYSE:KMPR) last released its 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. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 earnings per share. Equities research analysts anticipate that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a $0.32 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Kemper’s dividend payout ratio (DPR) is -15.24%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Zacks Research upgraded shares of Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. TD Cowen cut their target price on Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Piper Sandler lowered their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $43.25.

Insiders Place Their Bets

In other news, Director Gerald Laderman acquired 4,000 shares of Kemper stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $26.49 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 33,365 shares of the company’s stock, valued at $883,838.85. This represents a 13.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bradley T. Camden bought 1,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $26.34 per share, with a total value of $26,340.00. Following the completion of the acquisition, the chief financial officer owned 51,259 shares of the company’s stock, valued at approximately $1,350,162.06. This trade represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 14,000 shares of company stock worth $367,880 over the last three months. Company insiders own 0.61% of the company’s stock.

Kemper 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.