Ieq Capital LLC Invests $831,000 in Kemper Corporation $KMPR

Ieq Capital LLC bought a new stake in Kemper Corporation (NYSE:KMPR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 30,823 shares of the insurance provider’s stock, valued at approximately $831,000. Ieq Capital LLC owned approximately 0.05% of Kemper as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Allworth Financial LP bought a new stake in Kemper in the second quarter valued at about $83,000. BlackRock Inc. bought a new position in Kemper during the 2nd quarter worth approximately $227,331,000. Pallas Capital Advisors LLC bought a new position in Kemper during the 2nd quarter worth approximately $202,000. Deutsche Bank AG acquired a new position in shares of Kemper in the 2nd quarter worth approximately $1,747,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Kemper in the 2nd quarter worth approximately $13,896,000. Institutional investors own 86.23% of the company’s stock.

Kemper Trading Down 2.9%

NYSE:KMPR opened at $27.58 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -3.28 and a beta of 1.04. The business has a 50 day simple moving average of $27.92 and a 200 day simple moving average of $29.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. Kemper Corporation has a 12-month low of $22.69 and a 12-month high of $54.64.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. Equities research analysts predict that Kemper Corporation will post 2.02 EPS for the current year.

Kemper Announces Dividend

The company 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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s dividend payout ratio (DPR) is -15.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KMPR shares. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report 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 report on Monday, August 10th. Piper Sandler lowered their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, TD Cowen reduced their price target on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $43.25.

Insider Transactions at Kemper

In other news, CFO Bradley T. Camden acquired 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 51,259 shares in the company, valued at $1,350,162.06. This trade represents a 1.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Mcanena bought 3,000 shares of Kemper stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $26.50 per share, with a total value of $79,500.00. Following the completion of the purchase, the chief executive officer directly owned 30,945 shares in the company, valued at $820,042.50. This trade represents a 10.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 14,000 shares of company stock worth $367,880 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

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.