Kiker Wealth Management LLC Invests $1.55 Million in Kemper Corporation $KMPR

Kiker Wealth Management LLC purchased a new stake in shares of Kemper Corporation (NYSE:KMPR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,972 shares of the insurance provider’s stock, valued at approximately $1,547,000. Kemper accounts for about 0.9% of Kiker Wealth Management LLC’s holdings, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMPR. Moran Wealth Management LLC purchased a new stake in Kemper in the second quarter worth $608,000. Sequoia Financial Advisors LLC boosted its holdings in Kemper by 38.2% in the second quarter. Sequoia Financial Advisors LLC now owns 4,564 shares of the insurance provider’s stock worth $295,000 after acquiring an additional 1,261 shares in the last quarter. Vest Financial LLC boosted its holdings in Kemper by 24.9% in the second quarter. Vest Financial LLC now owns 15,837 shares of the insurance provider’s stock worth $1,022,000 after acquiring an additional 3,157 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Kemper in the second quarter worth about $4,635,000. Finally, Inspire Investing LLC lifted its holdings in shares of Kemper by 17.9% during the second quarter. Inspire Investing LLC now owns 6,051 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 918 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KMPR. Cowen restated a “buy” rating on shares of Kemper in a research report on Thursday, August 7th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Piper Sandler reaffirmed an “underweight” rating and issued a $50.00 price target (down previously from $75.00) on shares of Kemper in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kemper in a research note on Wednesday, October 8th. Finally, JMP Securities cut their price target on Kemper from $85.00 to $75.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.75.

Kemper Trading Up 0.1%

NYSE:KMPR opened at $48.06 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.21 and a current ratio of 0.21. Kemper Corporation has a one year low of $45.02 and a one year high of $73.01. The business’s 50-day simple moving average is $52.33 and its 200 day simple moving average is $58.46. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 9.05 and a beta of 1.25.

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

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, August 18th. Kemper’s dividend payout ratio (DPR) is 24.11%.

Kemper announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the insurance provider to purchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, Director Jason N. Gorevic acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $49.14 per share, for a total transaction of $98,280.00. Following the transaction, the director directly owned 22,072 shares of the company’s stock, valued at approximately $1,084,618.08. This trade represents a 9.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Laderman purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $49.37 per share, with a total value of $148,110.00. Following the acquisition, the director directly owned 24,635 shares in the company, 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. Company insiders own 0.76% of the company’s stock.

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.