Corient Private Wealth LLC Invests $1.72 Million in Kemper Corporation $KMPR

Corient Private Wealth LLC purchased a new stake in shares of Kemper Corporation (NYSE:KMPR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,527 shares of the insurance provider’s stock, valued at approximately $1,724,000.

Several other hedge funds have also made changes to their positions in KMPR. AQR Capital Management LLC boosted its stake in Kemper by 40.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after purchasing an additional 795,131 shares during the period. Millennium Management LLC grew its position in Kemper by 129.8% during the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock worth $57,512,000 after purchasing an additional 630,241 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Kemper during the 4th quarter valued at $24,324,000. Jacobs Levy Equity Management Inc. acquired a new stake in Kemper during the 4th quarter valued at $20,730,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Kemper in the third quarter valued at $24,340,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on KMPR shares. UBS Group decreased their target price on Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research report on Friday, June 12th. Piper Sandler lowered their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Finally, Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $51.75.

Kemper Price Performance

KMPR opened at $26.99 on Wednesday. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 43.53 and a beta of 1.06. Kemper Corporation has a 1 year low of $22.69 and a 1 year high of $64.96. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $28.23 and a 200 day moving average price of $32.64.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.60). Kemper had a return on equity of 4.80% and a net margin of 0.89%.The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Analysts forecast that Kemper Corporation will post 2.03 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 annualized dividend and a dividend yield of 4.7%. Kemper’s payout ratio is presently 206.45%.

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.