S&CO Inc. Acquires Shares of 19,060 Kemper Corporation $KMPR

S&CO Inc. bought a new stake in Kemper Corporation (NYSE:KMPR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,060 shares of the insurance provider’s stock, valued at approximately $513,000.

Other large investors have also made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Kemper during the 2nd quarter worth about $21,709,000. AQR Capital Management LLC lifted its holdings in Kemper by 40.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock valued at $143,323,000 after purchasing an additional 795,131 shares during the last quarter. Millennium Management LLC boosted its position in Kemper by 129.8% in the third quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock valued at $57,512,000 after buying an additional 630,241 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in Kemper in the fourth quarter valued at about $24,324,000. Finally, Assenagon Asset Management S.A. bought a new stake in Kemper during the first quarter worth about $18,074,000. Institutional investors own 86.23% of the company’s stock.

Kemper Trading Down 0.1%

KMPR opened at $27.38 on Monday. 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 stock has a market capitalization of $1.61 billion, a PE ratio of -3.26 and a beta of 1.04. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $54.90. The firm has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $29.99.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The company’s revenue was down 10.8% on a year-over-year basis. As a group, equities analysts anticipate that Kemper Corporation will post 1.97 earnings per share for the current fiscal year.

Kemper Dividend Announcement

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

Insider Transactions at Kemper

In related news, EVP Carl Thomas Jr. Evans acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $26.53 per share, for a total transaction of $26,530.00. Following the transaction, the executive vice president directly owned 91,629 shares of the company’s stock, valued at approximately $2,430,917.37. This trade represents a 1.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bradley T. Camden acquired 1,000 shares of Kemper stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $26.34 per share, for a total transaction of $26,340.00. Following the acquisition, the chief financial officer owned 51,259 shares in the company, valued at approximately $1,350,162.06. This represents a 1.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 14,000 shares of company stock worth $367,880 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMPR. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group decreased their price target on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Piper Sandler dropped their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Kemper has a consensus rating of “Reduce” and a consensus target price of $43.67.

Kemper Profile

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.