Carl Thomas Jr. Evans Purchases 1,000 Shares of Kemper (NYSE:KMPR) Stock

Kemper Corporation (NYSE:KMPR) EVP Carl Thomas Jr. Evans purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $26.53 per share, with a total value of $26,530.00. Following the completion of the acquisition, the executive vice president directly owned 91,629 shares in the company, valued at $2,430,917.37. The trade was a 1.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kemper Trading Down 0.7%

Shares of NYSE:KMPR traded down $0.18 during midday trading on Tuesday, hitting $26.21. 812,287 shares of the stock traded hands, compared to its average volume of 1,039,576. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.54 billion, a PE ratio of -3.12 and a beta of 1.04. Kemper Corporation has a one year low of $22.69 and a one year high of $54.90. The business’s 50 day moving average is $27.29 and its two-hundred day moving average is $30.33.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The firm’s revenue was down 10.8% on a year-over-year basis. As a group, research analysts forecast that Kemper Corporation will post 1.93 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.9%. Kemper’s dividend payout ratio is -15.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KMPR. Allworth Financial LP purchased a new stake in shares of Kemper in the 2nd quarter worth $83,000. BlackRock Inc. purchased a new position in shares of Kemper in the second quarter worth $227,331,000. Pallas Capital Advisors LLC purchased a new position in shares of Kemper during the second quarter valued at about $202,000. Deutsche Bank AG purchased a new stake in shares of Kemper in the second quarter worth about $1,747,000. Finally, Bank of New York Mellon Corp bought a new position in Kemper during the second quarter valued at approximately $13,896,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on KMPR. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a report on Saturday. Piper Sandler dropped their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. UBS Group decreased their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. One 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 company’s stock. According to data from MarketBeat.com, Kemper currently has a consensus rating of “Reduce” and an average target price of $43.67.

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.