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Kemper Co. (NYSE:KMPR) Shares Sold by Amalgamated Bank

Defense World · Sep 25, 2022 04:42

Amalgamated Bank decreased its position in Kemper Co. (NYSE:KMPR – Get Rating) by 3.5% during the 1st quarter, Holdings Channel reports. The firm owned 41,443 shares of the insurance provider's stock after selling 1,511 shares during the quarter. Amalgamated Bank's holdings in Kemper were worth $2,343,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KMPR. Cutler Group LP acquired a new stake in shares of Kemper during the first quarter valued at $45,000. PNC Financial Services Group Inc. boosted its stake in shares of Kemper by 20.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider's stock valued at $134,000 after acquiring an additional 410 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of Kemper during the first quarter valued at $219,000. Boston Partners acquired a new stake in shares of Kemper during the first quarter valued at $233,000. Finally, Inspire Investing LLC acquired a new stake in shares of Kemper during the first quarter valued at $234,000. Institutional investors and hedge funds own 80.36% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price objective on Kemper from $57.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 2nd.

Kemper Stock Performance

NYSE KMPR opened at $44.17 on Friday. The business's 50-day moving average price is $46.72 and its 200 day moving average price is $49.36. Kemper Co. has a twelve month low of $41.62 and a twelve month high of $70.65. The company has a market capitalization of $2.82 billion, a PE ratio of -8.03 and a beta of 0.77. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.49.

Kemper (NYSE:KMPR – Get Rating) last released its earnings results on Monday, August 1st. The insurance provider reported ($0.62) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.08. Kemper had a negative return on equity of 8.51% and a negative net margin of 6.07%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted ($1.54) earnings per share. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts predict that Kemper Co. will post -1.83 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were given a dividend of $0.31 per share. The ex-dividend date was Friday, August 12th. This represents a $1.24 annualized dividend and a yield of 2.81%. Kemper's dividend payout ratio (DPR) is presently -22.55%.

Insider Buying and Selling

In other news, Director Jason N. Gorevic acquired 3,000 shares of the business's stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average cost of $43.00 per share, for a total transaction of $129,000.00. Following the acquisition, the director now directly owns 12,139 shares in the company, valued at approximately $521,977. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

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.