The Manufacturers Life Insurance Company Has $395,000 Stake in Kemper Corporation $KMPR

The Manufacturers Life Insurance Company decreased its holdings in Kemper Corporation (NYSE:KMPR) by 70.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,917 shares of the insurance provider’s stock after selling 30,790 shares during the period. The Manufacturers Life Insurance Company’s holdings in Kemper were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KMPR. Huntington National Bank increased its holdings in shares of Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 421 shares during the period. Danske Bank A S acquired a new stake in Kemper during the third quarter worth approximately $36,000. Rockefeller Capital Management L.P. grew its position in Kemper by 616.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after buying an additional 814 shares in the last quarter. Farther Finance Advisors LLC grew its position in Kemper by 11,455.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after buying an additional 1,031 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Kemper by 57.5% during the 4th quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 507 shares during the period. Institutional investors own 86.23% of the company’s stock.

Insider Activity at Kemper

In other Kemper news, Director Gerald Laderman acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the transaction, the director directly owned 33,365 shares in the company, valued at $883,838.85. This represents a 13.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jason N. Gorevic acquired 5,000 shares of Kemper stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $25.91 per share, for a total transaction of $129,550.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. Insiders have acquired 14,000 shares of company stock worth $367,880 in the last three months. Insiders own 0.61% of the company’s stock.

Kemper Stock Performance

Shares of NYSE:KMPR opened at $27.38 on Friday. The company’s 50 day simple moving average is $27.52 and its 200 day simple moving average is $30.05. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.26 and a beta of 1.04. 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 1 year low of $22.69 and a 1 year high of $54.90.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The company’s revenue was down 10.8% on a year-over-year basis. As a group, research analysts predict that Kemper Corporation will post 1.97 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. Kemper’s payout ratio is -15.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KMPR shares. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings cut Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Piper Sandler dropped their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Finally, UBS Group dropped their price target on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Kemper presently has an average rating of “Reduce” and a consensus target price of $43.67.

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.