Kemper (NYSE:KMPR) Director Jason Gorevic Buys 5,000 Shares

Kemper Corporation (NYSE:KMPR) Director Jason Gorevic purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $25.91 per share, with a total value of $129,550.00. Following the completion of the acquisition, the director directly owned 31,802 shares of the company’s stock, valued at $823,989.82. This represents a 18.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kemper Price Performance

Shares of NYSE:KMPR opened at $26.21 on Wednesday. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $54.90. The company has a 50-day moving average price of $27.33 and a 200 day moving average price of $30.24. The company has a market cap of $1.54 billion, a P/E ratio of -3.12 and a beta of 1.04. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43.

Kemper (NYSE:KMPR) last released its 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. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. Research analysts predict that Kemper Corporation will post 1.93 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s dividend payout ratio is currently -15.24%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Kemper

Several large investors have recently bought and sold shares of KMPR. Huntington National Bank raised its stake in shares of Kemper by 187.1% during the 4th 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 last quarter. Signaturefd LLC acquired a new stake in Kemper in the 4th quarter valued at about $32,000. Danske Bank A S acquired a new stake in Kemper in the 3rd quarter valued at about $36,000. Rockefeller Capital Management L.P. increased its holdings in Kemper by 616.7% during the 4th 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Kemper by 11,455.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 1,031 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

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.