Kemper (NYSE:KMPR) Director Buys $105,960.00 in Stock

Kemper Corporation (NYSE:KMPR) Director Gerald Laderman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director directly owned 33,365 shares of the company’s stock, valued at $883,838.85. This trade represents a 13.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kemper Stock Up 1.5%

KMPR stock opened at $26.91 on Friday. 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 stock’s fifty day simple moving average is $27.47 and its two-hundred day simple moving average is $30.07. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $54.90.

Kemper (NYSE:KMPR) last released its 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. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS. Analysts expect that Kemper Corporation will post 1.97 EPS for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, August 21st. Kemper’s dividend payout ratio (DPR) is -15.24%.

Hedge Funds Weigh In On Kemper

Several large investors have recently modified their holdings of KMPR. Huntington National Bank raised its position in shares of Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 421 shares during the period. Signaturefd LLC bought a new position in Kemper in the 4th quarter worth approximately $32,000. Danske Bank A S purchased a new position in Kemper in the 3rd quarter valued at approximately $36,000. Rockefeller Capital Management L.P. grew its stake in Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after buying an additional 814 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Kemper by 11,455.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 1,031 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 weighed in on KMPR. Wall Street Zen raised shares of Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings cut shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. UBS Group dropped their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, Piper Sandler decreased their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kemper presently has a consensus rating of “Reduce” and a consensus 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.