Walleye Capital LLC Takes Position in Kemper Corporation $KMPR

Walleye Capital LLC purchased a new stake in shares of Kemper Corporation (NYSE:KMPR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 805,220 shares of the insurance provider’s stock, valued at approximately $21,709,000. Walleye Capital LLC owned 1.37% of Kemper as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Huntington National Bank boosted its stake in Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after buying an additional 421 shares during the period. Danske Bank A S purchased a new stake in shares of Kemper in the third quarter valued at $36,000. Rockefeller Capital Management L.P. raised its stake in shares of Kemper by 616.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 814 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Kemper by 11,455.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 1,031 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Kemper by 57.5% in the 4th quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 507 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Up 1.8%

Shares of KMPR opened at $27.38 on Friday. The firm has a market capitalization of $1.61 billion, a P/E ratio of -3.26 and a beta of 1.04. Kemper Corporation has a 12-month low of $22.69 and a 12-month high of $54.90. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $27.52 and a 200-day moving average price of $30.05.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. Equities research analysts expect that Kemper Corporation will post 1.97 earnings per share for the current year.

Kemper Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMPR shares. Weiss Ratings cut shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. UBS Group decreased their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler dropped their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $43.67.

Insiders Place Their Bets

In related news, Director Gerald Laderman bought 4,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $26.49 per share, with a total value of $105,960.00. Following the completion of the transaction, the director owned 33,365 shares in the company, valued at $883,838.85. The trade was a 13.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Carl Thomas Jr. Evans purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $26.53 per share, with a total value of $26,530.00. Following the purchase, the executive vice president directly owned 91,629 shares of the company’s stock, valued at approximately $2,430,917.37. This represents a 1.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 14,000 shares of company stock worth $367,880. 0.61% of the stock is owned by company insiders.

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.