American Trust purchased a new position in shares of Kemper Co. (NYSE:KMPR – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,868 shares of the insurance provider's stock, valued at approximately $275,000.
Several other large investors have also recently made changes to their positions in the business. Retirement Systems of Alabama raised its stake in shares of Kemper by 0.3% during the first quarter. Retirement Systems of Alabama now owns 78,548 shares of the insurance provider's stock worth $4,441,000 after acquiring an additional 197 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Kemper by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the insurance provider's stock worth $865,000 after purchasing an additional 300 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Kemper by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 22,129 shares of the insurance provider's stock worth $1,251,000 after purchasing an additional 350 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Kemper by 20.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider's stock worth $134,000 after purchasing an additional 410 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Kemper by 6.3% in the first quarter. Teacher Retirement System of Texas now owns 13,141 shares of the insurance provider's stock worth $743,000 after purchasing an additional 783 shares during the last quarter. 80.36% of the stock is owned by hedge funds and other institutional investors.
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Insider Activity at Kemper
In related news, Director Jason N. Gorevic purchased 3,000 shares of the business's stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average price of $43.00 per share, for a total transaction of $129,000.00. Following the completion of the acquisition, the director now directly owns 12,139 shares in the company, valued at approximately $521,977. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler cut their target price on shares of Kemper from $57.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, August 2nd.
Kemper Stock Performance
NYSE:KMPR opened at $46.34 on Monday. The stock has a market cap of $2.96 billion, a P/E ratio of -8.43 and a beta of 0.77. The firm's fifty day simple moving average is $47.07 and its 200 day simple moving average is $49.60. Kemper Co. has a twelve month low of $41.62 and a twelve month high of $70.65. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.49.
Kemper (NYSE:KMPR – Get Rating) last released its quarterly earnings results on Monday, August 1st. The insurance provider reported ($0.62) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.08. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Kemper had a negative net margin of 6.07% and a negative return on equity of 8.51%. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.54) earnings per share. As a group, research analysts predict that Kemper Co. will post -1.83 EPS for the current year.
Kemper Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, August 12th. Kemper's dividend payout ratio (DPR) is currently -22.55%.
Kemper Company Profile
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Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.
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