Jupiter Topco LLC Makes New Investment in Kemper Corporation $KMPR

Jupiter Topco LLC bought a new position in Kemper Corporation (NYSE:KMPR) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 24,653 shares of the insurance provider’s stock, valued at approximately $665,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming raised its position in Kemper by 4.7% in the second quarter. State of Wyoming now owns 4,431 shares of the insurance provider’s stock valued at $286,000 after purchasing an additional 199 shares during the period. M&T Bank Corp lifted its position in Kemper by 7.9% in the second quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider’s stock valued at $314,000 after buying an additional 355 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Kemper by 27.0% during the first quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock worth $115,000 after buying an additional 369 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Kemper by 24.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock valued at $80,000 after acquiring an additional 389 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insiders Place Their Bets

In other Kemper news, CEO Stephen McAnena bought 3,000 shares of Kemper stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $26.50 per share, with a total value of $79,500.00. Following the completion of the acquisition, the chief executive officer owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. This represents a 10.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason Gorevic acquired 5,000 shares of Kemper stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $25.91 per share, with a total value of $129,550.00. Following the completion of the purchase, the director owned 31,802 shares in the company, valued at $823,989.82. The trade was a 18.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 14,000 shares of company stock worth $367,880. Corporate insiders own 0.61% of the company’s stock.

Kemper Trading Down 0.3%

KMPR opened at $27.95 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. Kemper Corporation has a one year low of $22.69 and a one year high of $54.59. The company has a market cap of $1.65 billion, a P/E ratio of -3.33 and a beta of 1.04. The business’s 50-day simple moving average is $28.20 and its 200-day simple moving average is $29.15.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. As a group, equities research analysts expect that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a dividend of $0.32 per share. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMPR. Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. UBS Group lowered their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th. TD Cowen cut their target price on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Finally, Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $43.25.

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.