Caxton Associates LLP Raises Stock Position in Kemper Corporation $KMPR

Caxton Associates LLP raised its position in Kemper Corporation (NYSE:KMPR) by 18.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,177 shares of the insurance provider’s stock after purchasing an additional 22,669 shares during the quarter. Caxton Associates LLP’s holdings in Kemper were worth $4,467,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KMPR. Huntington National Bank lifted its holdings in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares during the last quarter. Signaturefd LLC acquired a new stake in Kemper during the fourth quarter worth $32,000. Danske Bank A S purchased a new stake in Kemper in the third quarter valued at $36,000. Rockefeller Capital Management L.P. raised its position in Kemper by 616.7% in the fourth 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. Finally, Farther Finance Advisors LLC lifted its stake 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 during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

KMPR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Piper Sandler decreased their target price 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, UBS Group lowered their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $51.75.

Kemper Stock Performance

NYSE KMPR opened at $27.70 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $1.63 billion, a P/E ratio of 44.69 and a beta of 1.04. The stock has a 50-day moving average of $27.03 and a two-hundred day moving average of $31.17. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $62.46.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.60). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 EPS. As a group, analysts anticipate that Kemper Corporation will post 1.94 EPS for the current year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.32 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. Kemper’s payout ratio is 206.45%.

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.