Fox Run Management L.L.C. Reduces Holdings in Kemper Corporation $KMPR

Fox Run Management L.L.C. cut its position in shares of Kemper Corporation (NYSE:KMPR) by 43.9% in the second quarter, Holdings Channel.com reports. The firm owned 12,674 shares of the insurance provider’s stock after selling 9,925 shares during the quarter. Fox Run Management L.L.C.’s holdings in Kemper were worth $818,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bayforest Capital Ltd bought a new position in Kemper in the 1st quarter valued at $44,000. IFP Advisors Inc grew its holdings in shares of Kemper by 651.6% in the second quarter. IFP Advisors Inc now owns 699 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 606 shares during the last quarter. CX Institutional increased its stake in Kemper by 50.3% in the 2nd quarter. CX Institutional now owns 861 shares of the insurance provider’s stock worth $56,000 after buying an additional 288 shares during the period. Allworth Financial LP increased its stake in Kemper by 68.8% in the 1st quarter. Allworth Financial LP now owns 883 shares of the insurance provider’s stock worth $59,000 after buying an additional 360 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Kemper during the 1st quarter valued at about $70,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Trading Up 1.5%

KMPR opened at $37.07 on Monday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 6.98 and a beta of 1.23. Kemper Corporation has a 12 month low of $33.91 and a 12 month high of $73.01. The stock has a fifty day moving average price of $49.50 and a 200-day moving average price of $56.63.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($1.00). The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Kemper had a net margin of 7.18% and a return on equity of 14.39%. Kemper’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 EPS. As a group, equities research analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Monday, November 17th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 17th. Kemper’s payout ratio is 33.42%.

Analyst Ratings Changes

A number of brokerages have recently commented on KMPR. Piper Sandler reduced their target price on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday. Cowen restated a “buy” rating on shares of Kemper in a report on Thursday, August 7th. Weiss Ratings lowered Kemper from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday. Raymond James Financial lowered Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Wednesday, October 15th. Finally, JMP Securities lowered their price objective on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Kemper currently has an average rating of “Hold” and an average target price of $63.50.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.