Walleye Capital LLC Takes Position in Kemper Corporation $KMPR

Walleye Capital LLC acquired a new stake in Kemper Corporation (NYSE:KMPR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 805,220 shares of the insurance provider’s stock, valued at approximately $21,709,000.

A number of other hedge funds also recently added to or reduced their stakes in KMPR. Huntington National Bank lifted its stake in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 421 shares during the period. Danske Bank A S purchased a new position in Kemper during the 3rd quarter valued at about $36,000. Rockefeller Capital Management L.P. increased its position in Kemper by 616.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 814 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Kemper by 11,455.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 1,031 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Kemper by 57.5% in the 4th quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 507 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Bradley T. Camden purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the purchase, the chief financial officer owned 51,259 shares in the company, valued at $1,350,162.06. This trade represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Laderman acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director directly owned 33,365 shares of the company’s stock, valued at approximately $883,838.85. This trade represents a 13.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 14,000 shares of company stock worth $367,880 over the last three months. Corporate insiders own 0.61% of the company’s stock.

Kemper Stock Up 1.8%

NYSE:KMPR opened at $27.38 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper Corporation has a twelve month low of $22.69 and a twelve month high of $54.90. The company has a market cap of $1.61 billion, a PE ratio of -3.26 and a beta of 1.04. The company’s 50 day moving average is $27.52 and its two-hundred day moving average is $30.05.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.16 billion. During the same quarter last year, the company posted $1.30 earnings per share. The business’s quarterly revenue was down 10.8% on a year-over-year basis. Analysts anticipate that Kemper Corporation will post 1.97 EPS for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors 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 4.7%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s dividend payout ratio is presently -15.24%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KMPR shares. Piper Sandler lowered their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. UBS Group reduced their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. One 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. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $43.67.

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.