Kemper (NYSE:KMPR) Director Suzet Mckinney Sells 504 Shares

Kemper Corporation (NYSE:KMPR) Director Suzet Mckinney sold 504 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $34.66, for a total value of $17,468.64. Following the completion of the transaction, the director owned 5,060 shares in the company, valued at approximately $175,379.60. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kemper Price Performance

KMPR opened at $34.19 on Tuesday. The company has a 50 day moving average of $39.35 and a two-hundred day moving average of $45.72. Kemper Corporation has a 52-week low of $30.05 and a 52-week high of $69.83. The company has a quick ratio of 0.19, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.00 billion, a P/E ratio of 15.61 and a beta of 1.14.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.60). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.22 billion. Kemper had a net margin of 2.99% and a return on equity of 8.02%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, analysts expect that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Kemper’s dividend payout ratio (DPR) is presently 58.45%.

Institutional Investors Weigh In On Kemper

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Kemper by 40.1% during the third 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 increased its stake in Kemper by 129.8% in 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. Voloridge Investment Management LLC acquired a new stake in Kemper during the 3rd quarter worth about $24,340,000. UBS Group AG lifted its stake in Kemper by 284.8% during the third quarter. UBS Group AG now owns 621,829 shares of the insurance provider’s stock valued at $32,055,000 after buying an additional 460,217 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Kemper by 12.9% in the third quarter. Wellington Management Group LLP now owns 2,776,543 shares of the insurance provider’s stock worth $143,131,000 after buying an additional 316,216 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMPR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a research note on Monday, December 29th. William Blair cut Kemper from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 18th. Raymond James Financial cut shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a report on Wednesday, October 15th. Citigroup cut Kemper to a “market perform” rating in a research report on Thursday. Finally, Zacks Research upgraded shares of Kemper from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $56.50.

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.