Walleye Capital LLC bought a new stake in shares of Kemper Co. (NYSE:KMPR – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,547 shares of the insurance provider's stock, valued at approximately $766,000.
Several other hedge funds also recently added to or reduced their stakes in KMPR. Alliancebernstein L.P. increased its position in Kemper by 430.3% during the 4th quarter. Alliancebernstein L.P. now owns 502,867 shares of the insurance provider's stock valued at $29,564,000 after buying an additional 408,037 shares in the last quarter. Vanguard Group Inc. increased its position in Kemper by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 5,825,369 shares of the insurance provider's stock valued at $329,367,000 after buying an additional 297,632 shares in the last quarter. Russell Investments Group Ltd. increased its position in Kemper by 462.1% during the 1st quarter. Russell Investments Group Ltd. now owns 296,139 shares of the insurance provider's stock valued at $16,741,000 after buying an additional 243,456 shares in the last quarter. Schroder Investment Management Group increased its position in Kemper by 23.9% during the 4th quarter. Schroder Investment Management Group now owns 1,122,859 shares of the insurance provider's stock valued at $66,013,000 after buying an additional 216,948 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Kemper during the 1st quarter valued at about $10,937,000. 80.36% of the stock is owned by institutional investors and hedge funds.
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Insider Transactions at Kemper
In related news, Director Jason N. Gorevic bought 3,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average price of $43.00 per share, for a total transaction of $129,000.00. Following the completion of the purchase, the director now directly owns 12,139 shares of the company's stock, valued at $521,977. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.71% of the company's stock.
Kemper Stock Down 1.5 %
Shares of KMPR stock opened at $45.99 on Wednesday. The stock's 50-day simple moving average is $46.92 and its 200-day simple moving average is $49.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market capitalization of $2.94 billion, a PE ratio of -8.36 and a beta of 0.77. Kemper Co. has a fifty-two week low of $41.62 and a fifty-two week high of $70.65.
Kemper (NYSE:KMPR – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The insurance provider reported ($0.62) earnings per share for the quarter, beating analysts' consensus estimates of ($0.70) by $0.08. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Kemper had a negative return on equity of 8.51% and a negative net margin of 6.07%. The company's revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company earned ($1.54) earnings per share. Equities analysts expect that Kemper Co. will post -1.83 earnings per share for the current year.
Kemper Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.70%. Kemper's payout ratio is -22.55%.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler reduced their target price on Kemper from $57.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 2nd.
About Kemper
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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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