Caxton Associates LLP Grows Position in Kemper Corporation $KMPR

Caxton Associates LLP grew its position in shares of Kemper Corporation (NYSE:KMPR) by 18.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,177 shares of the insurance provider’s stock after purchasing an additional 22,669 shares during the quarter. Caxton Associates LLP owned approximately 0.25% of Kemper worth $4,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Kemper by 106.0% during the 1st quarter. Sei Investments Co. now owns 120,223 shares of the insurance provider’s stock worth $3,674,000 after acquiring an additional 61,875 shares in the last quarter. Walleye Capital LLC increased its stake in shares of Kemper by 102.1% in the 1st quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider’s stock valued at $9,938,000 after purchasing an additional 164,315 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Kemper by 204.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,214 shares of the insurance provider’s stock valued at $190,000 after purchasing an additional 4,171 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Kemper in the 1st quarter worth about $669,000. Finally, Maryland State Retirement & Pension System acquired a new position in Kemper in the 1st quarter worth about $349,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Up 0.9%

Shares of KMPR opened at $27.70 on Friday. The stock has a 50 day moving average price of $27.03 and a 200 day moving average price of $31.17. Kemper Corporation has a one year low of $22.69 and a one year high of $62.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 44.69 and a beta of 1.04.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). Kemper had a net margin of 0.89% and a return on equity of 4.80%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business posted $1.65 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts forecast that Kemper Corporation will post 1.94 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $0.32 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. Kemper’s dividend payout ratio is presently 206.45%.

Wall Street Analysts Forecast Growth

Several analysts have commented on KMPR shares. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. UBS Group decreased their target price on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Piper Sandler dropped their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $51.75.

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.