Insider Buying: Kemper (NYSE:KMPR) Director Buys $129,550.00 in Stock

Kemper Corporation (NYSE:KMPR) Director Jason Gorevic purchased 5,000 shares of Kemper stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $25.91 per share, with a total value of $129,550.00. Following the acquisition, the director owned 31,802 shares in the company, valued at approximately $823,989.82. This represents a 18.66% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kemper Price Performance

NYSE KMPR opened at $26.91 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s 50 day moving average price is $27.47 and its 200-day moving average price is $30.07. Kemper Corporation has a 52-week low of $22.69 and a 52-week high of $54.90. The company has a market cap of $1.59 billion, a PE ratio of -3.20 and a beta of 1.04.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. Kemper’s revenue was down 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Sell-side analysts forecast that Kemper Corporation will post 1.97 EPS for the current fiscal year.

Kemper Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Kemper

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

Kemper Company 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.