Kemper Corporation $KMPR Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its stake in Kemper Corporation (NYSE:KMPR) by 64.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,403 shares of the insurance provider’s stock after purchasing an additional 87,272 shares during the quarter. Tudor Investment Corp ET AL owned 0.38% of Kemper worth $11,516,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Kemper by 40.1% during the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after buying an additional 795,131 shares during the period. Millennium Management LLC lifted its position in shares of Kemper by 129.8% during the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock valued at $57,512,000 after acquiring an additional 630,241 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Kemper during the 3rd quarter worth approximately $24,340,000. UBS Group AG grew its holdings in shares of Kemper by 284.8% in the 3rd quarter. UBS Group AG now owns 621,829 shares of the insurance provider’s stock worth $32,055,000 after acquiring an additional 460,217 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Kemper by 12.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,776,543 shares of the insurance provider’s stock worth $143,131,000 after acquiring an additional 316,216 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

KMPR has been the subject of several research reports. Citigroup cut Kemper to a “market perform” rating in a report on Thursday, February 5th. William Blair cut Kemper from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 18th. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings cut shares of Kemper from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Kemper presently has an average rating of “Reduce” and a consensus price target of $56.50.

Kemper Stock Up 0.7%

KMPR opened at $29.64 on Friday. The stock’s 50 day moving average price is $34.10 and its 200 day moving average price is $40.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $1.74 billion, a P/E ratio of 13.53 and a beta of 1.16. Kemper Corporation has a 12 month low of $28.41 and a 12 month high of $69.25.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.60). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.22 billion. Kemper had a return on equity of 8.02% and a net margin of 2.99%.The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 EPS. As a group, research analysts predict that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.28 annualized dividend and a yield of 4.3%. Kemper’s dividend payout ratio (DPR) is presently 58.45%.

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.