UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in Kemper Corporation $KMPR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Kemper Corporation (NYSE:KMPR) by 18.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,792 shares of the insurance provider’s stock after selling 25,618 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Kemper worth $3,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Kemper by 28.4% in the 2nd quarter. Wellington Management Group LLP now owns 536,164 shares of the insurance provider’s stock worth $14,455,000 after acquiring an additional 118,683 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Kemper in the 2nd quarter worth about $3,892,000. Redwood Investment Management LLC purchased a new stake in shares of Kemper in the second quarter valued at about $2,140,000. Corient Private Wealth LP purchased a new stake in Kemper in the 2nd quarter valued at approximately $529,000. Finally, Bank of America Corp DE purchased a new stake in shares of Kemper in the second quarter valued at $20,800,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. TD Cowen reduced their target price on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen cut shares of Kemper from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Two investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $43.25.

Insider Activity

In other news, EVP Thomas Evans bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $26.53 per share, with a total value of $26,530.00. Following the completion of the acquisition, the executive vice president directly owned 91,629 shares in the company, valued at approximately $2,430,917.37. This trade represents a 1.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bradley T. Camden bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $26.34 per share, with a total value of $26,340.00. Following the completion of the transaction, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. This trade represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 14,000 shares of company stock worth $367,880 over the last three months. Insiders own 0.61% of the company’s stock.

Kemper Trading Down 0.8%

NYSE KMPR opened at $27.00 on Friday. The firm has a market capitalization of $1.59 billion, a PE ratio of -3.21 and a beta of 1.04. The company has a 50-day simple moving average of $28.15 and a 200-day simple moving average of $29.00. Kemper Corporation has a one year low of $22.69 and a one year high of $53.82. 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 (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, topping the consensus estimate 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 business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $1.30 EPS. The business’s revenue was down 10.8% on a year-over-year basis. On average, equities analysts forecast that Kemper Corporation will post 2.02 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, August 21st. Kemper’s payout ratio is presently -15.24%.

About Kemper

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.