Kemper Co. (NYSE:KMPR) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its holdings in Kemper Co. (NYSE:KMPR – Get Rating) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,230 shares of the insurance provider’s stock after selling 659 shares during the period. Shell Asset Management Co.’s holdings in Kemper were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of KMPR. Clear Street Markets LLC acquired a new position in shares of Kemper in the 3rd quarter valued at $28,000. Bessemer Group Inc. acquired a new position in Kemper during the 3rd quarter worth about $30,000. U.S. Capital Wealth Advisors LLC acquired a new position in Kemper during the 4th quarter worth about $30,000. Wipfli Financial Advisors LLC acquired a new position in Kemper during the 3rd quarter worth about $37,000. Finally, Ronald Blue Trust Inc. lifted its stake in Kemper by 78.6% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,902 shares of the insurance provider’s stock worth $79,000 after acquiring an additional 837 shares in the last quarter. Institutional investors and hedge funds own 81.20% of the company’s stock.

Kemper Stock Performance

NYSE KMPR opened at $45.09 on Friday. Kemper Co. has a fifty-two week low of $40.65 and a fifty-two week high of $68.15. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of -9.55 and a beta of 0.90. The business has a fifty day moving average of $53.72 and a 200-day moving average of $54.72. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57.

Kemper (NYSE:KMPR – Get Rating) last posted its quarterly earnings results on Monday, May 8th. The insurance provider reported ($1.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.13) by $0.11. Kemper had a negative return on equity of 6.29% and a negative net margin of 5.23%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned ($0.94) earnings per share. As a group, analysts predict that Kemper Co. will post 0.55 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Monday, May 15th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, May 12th. Kemper’s payout ratio is -26.27%.

Insider Activity at Kemper

In other Kemper news, Director Alberto J. Paracchini bought 500 shares of the stock in a transaction that occurred on Tuesday, February 14th. The shares were purchased at an average cost of $63.63 per share, for a total transaction of $31,815.00. Following the transaction, the director now directly owns 1,065 shares in the company, valued at $67,765.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Matthew A. Hunton sold 3,500 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $45.45, for a total value of $159,075.00. Following the completion of the sale, the executive vice president now owns 20,013 shares in the company, valued at $909,590.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alberto J. Paracchini acquired 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were purchased at an average price of $63.63 per share, with a total value of $31,815.00. Following the completion of the acquisition, the director now owns 1,065 shares of the company’s stock, valued at approximately $67,765.95. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KMPR. Piper Sandler decreased their target price on Kemper from $62.00 to $52.00 in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research note on Tuesday, March 14th. StockNews.com assumed coverage on Kemper in a report on Thursday, March 16th. They set a “hold” rating on the stock. Credit Suisse Group upgraded Kemper from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $78.00 in a report on Monday, April 10th. Finally, Raymond James dropped their price target on Kemper from $80.00 to $70.00 in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.25.

Kemper Company Profile

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Kemper Corp. is a holding company, which engages in the property and casualty insurance, and life and health insurance businesses. It operates through the following segments: Specialty Property and Casualty Insurance, Preferred Property and Casualty Insurance, and Life and Health Insurance. The Specialty Property and Casualty Insurance segment provides personal and commercial automobile insurance.