Insider Buying: Kemper (NYSE:KMPR) EVP Purchases $26,530.00 in Stock

Kemper Corporation (NYSE:KMPR) EVP Carl Thomas Jr. Evans acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $26.53 per share, with a total value of $26,530.00. Following the transaction, the executive vice president owned 91,629 shares in the company, valued at $2,430,917.37. This represents a 1.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kemper Stock Performance

Shares of Kemper stock opened at $26.91 on Friday. The stock’s fifty day simple moving average is $27.47 and its 200 day simple moving average is $30.07. 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 company has a market capitalization of $1.59 billion, a PE ratio of -3.20 and a beta of 1.04. Kemper Corporation has a 12 month low of $22.69 and a 12 month high of $54.90.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. The company’s revenue was down 10.8% on a year-over-year basis. On average, research analysts predict that Kemper Corporation will post 1.97 EPS for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, August 21st. Kemper’s payout ratio is -15.24%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMPR. Wall Street Zen upgraded shares of Kemper from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Piper Sandler reduced their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. UBS Group dropped their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday. Finally, Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kemper has an average rating of “Reduce” and an average price target of $43.67.

Institutional Investors Weigh In On Kemper

A number of hedge funds and other institutional investors have recently bought and sold shares of KMPR. BlackRock Inc. bought a new stake in Kemper in the 2nd quarter valued at approximately $227,331,000. Walleye Capital LLC bought a new position in shares of Kemper during the 2nd quarter worth approximately $21,709,000. AQR Capital Management LLC raised its holdings in shares of Kemper by 40.1% in the third 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 raised its holdings in shares of 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 purchasing an additional 630,241 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Kemper in the fourth quarter worth $24,324,000. 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.