Quantbot Technologies LP Takes Position in Kemper Corporation $KMPR

Quantbot Technologies LP purchased a new position in Kemper Corporation (NYSE:KMPR) in the third quarter, Holdings Channel.com reports. The fund purchased 108,242 shares of the insurance provider’s stock, valued at approximately $5,580,000.

A number of other hedge funds have also added to or reduced their stakes in KMPR. Integrated Wealth Concepts LLC lifted its position in shares of Kemper by 39.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 1,406 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Kemper by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after buying an additional 77,764 shares during the period. United Services Automobile Association bought a new position in Kemper in the first quarter worth about $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kemper by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock worth $13,253,000 after buying an additional 9,008 shares during the period. Finally, Jane Street Group LLC boosted its position in Kemper by 112.7% during the 1st quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock valued at $703,000 after acquiring an additional 5,573 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Down 0.3%

Shares of NYSE:KMPR opened at $32.37 on Friday. The stock has a fifty day simple moving average of $37.07 and a two-hundred day simple moving average of $43.39. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 14.78 and a beta of 1.14. Kemper Corporation has a 12-month low of $30.05 and a 12-month high of $69.83. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, February 4th. The insurance provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.60). Kemper had a return on equity of 8.02% and a net margin of 2.99%.The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted $1.78 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. On average, research analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, February 17th. Kemper’s dividend payout ratio (DPR) is currently 58.45%.

Analyst Upgrades and Downgrades

KMPR has been the subject of several research reports. William Blair lowered Kemper from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 18th. Weiss Ratings upgraded Kemper from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 13th. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Piper Sandler reduced their target price on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Kemper has a consensus rating of “Reduce” and a consensus price target of $56.50.

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.