Kemper Corporation $KMPR Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its position in Kemper Corporation (NYSE:KMPR) by 79.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,878 shares of the insurance provider’s stock after buying an additional 2,598 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Kemper were worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D increased its position in Kemper by 2.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 30,373 shares of the insurance provider’s stock worth $1,960,000 after purchasing an additional 640 shares during the last quarter. AlphaQuest LLC increased its position in Kemper by 15.3% during the second quarter. AlphaQuest LLC now owns 11,529 shares of the insurance provider’s stock worth $744,000 after purchasing an additional 1,531 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kemper during the second quarter worth approximately $716,000. New York State Teachers Retirement System increased its position in Kemper by 3.3% during the second quarter. New York State Teachers Retirement System now owns 57,041 shares of the insurance provider’s stock worth $3,681,000 after purchasing an additional 1,803 shares during the last quarter. Finally, Bayforest Capital Ltd increased its position in Kemper by 2,157.4% during the second quarter. Bayforest Capital Ltd now owns 15,192 shares of the insurance provider’s stock worth $980,000 after purchasing an additional 14,519 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KMPR shares. JMP Securities dropped their price target on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kemper in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Piper Sandler reissued an “underweight” rating and issued a $50.00 target price (down previously from $75.00) on shares of Kemper in a research note on Wednesday, August 6th. Finally, Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.25.

Kemper Price Performance

Shares of KMPR stock opened at $44.92 on Friday. The company has a market capitalization of $2.82 billion, a PE ratio of 8.46 and a beta of 1.25. The firm has a fifty day simple moving average of $50.95 and a 200-day simple moving average of $57.30. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.32. Kemper Corporation has a twelve month low of $44.82 and a twelve month high of $73.01.

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

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.32 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. Kemper’s dividend payout ratio 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 buyback $500.00 million in outstanding shares. This buyback authorization permits the insurance provider to buy up to 12.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Kemper

In related news, Director Jason N. Gorevic acquired 2,000 shares of Kemper stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $49.14 per share, for a total transaction of $98,280.00. Following the purchase, the director directly owned 22,072 shares of the company’s stock, valued at $1,084,618.08. The trade was a 9.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Laderman bought 3,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $49.37 per share, with a total value of $148,110.00. Following the transaction, the director directly owned 24,635 shares in the company, valued at approximately $1,216,229.95. The trade was a 13.87% increase in their position. The SEC filing for this purchase provides additional information. 6.20% of the stock is currently owned by corporate insiders.

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.