Kemper Co. (NYSE:KMPR) Position Lessened by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Kemper Co. (NYSE:KMPR) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,447 shares of the insurance provider’s stock after selling 1,691 shares during the period. Rhumbline Advisers owned about 0.29% of Kemper worth $10,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gyon Technologies Capital Management LP bought a new position in Kemper during the fourth quarter valued at about $29,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Kemper during the first quarter valued at about $41,000. Allspring Global Investments Holdings LLC raised its holdings in Kemper by 1,420.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,733 shares of the insurance provider’s stock valued at $95,000 after buying an additional 1,619 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in Kemper during the first quarter valued at about $109,000. Finally, Ameritas Advisory Services LLC bought a new position in Kemper during the first quarter valued at about $108,000. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Susan D. Whiting sold 1,500 shares of Kemper stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $46.21, for a total transaction of $69,315.00. Following the sale, the director now directly owns 10,531 shares of the company’s stock, valued at $486,637.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KMPR has been the topic of several recent research reports. Piper Sandler raised their target price on Kemper from $52.00 to $55.00 in a report on Thursday, July 6th. StockNews.com initiated coverage on Kemper in a report on Thursday, August 17th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kemper has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Kemper Stock Up 1.3 %

Shares of NYSE:KMPR opened at $47.59 on Monday. The stock’s 50-day moving average is $48.12 and its 200-day moving average is $50.71. Kemper Co. has a 52-week low of $40.65 and a 52-week high of $68.15. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.55.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.12. Kemper had a negative return on equity of 5.55% and a negative net margin of 5.82%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted ($0.62) earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. On average, sell-side analysts forecast that Kemper Co. will post -0.43 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Friday, August 11th. Kemper’s dividend payout ratio (DPR) is presently -25.67%.

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.