Kemper Corporation (NYSE:KMPR) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in shares of Kemper Corporation (NYSE:KMPR) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,948 shares of the insurance provider’s stock after buying an additional 369 shares during the period. KBC Group NV’s holdings in Kemper were worth $197,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Kemper by 4.4% during the fourth quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider’s stock worth $82,271,000 after buying an additional 52,290 shares during the period. Boston Partners grew its stake in shares of Kemper by 108.2% in the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider’s stock valued at $73,363,000 after purchasing an additional 574,730 shares during the last quarter. No Street GP LP grew its stake in shares of Kemper by 5.3% in the 4th quarter. No Street GP LP now owns 1,100,000 shares of the insurance provider’s stock valued at $73,084,000 after purchasing an additional 55,000 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Kemper by 17.0% in the 4th quarter. Driehaus Capital Management LLC now owns 934,571 shares of the insurance provider’s stock valued at $62,093,000 after purchasing an additional 135,499 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Kemper by 69.2% in the 4th quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider’s stock valued at $60,661,000 after purchasing an additional 374,798 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Up 1.2%

Kemper stock opened at $63.58 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.22 and a quick ratio of 0.22. Kemper Corporation has a 1-year low of $53.57 and a 1-year high of $73.01. The company has a market cap of $4.07 billion, a PE ratio of 11.88 and a beta of 1.28. The stock’s 50 day moving average price is $63.07 and its 200 day moving average price is $64.06.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were paid a $0.32 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.01%. Kemper’s dividend payout ratio (DPR) is presently 23.93%.

Wall Street Analyst Weigh In

KMPR has been the topic of several analyst reports. Wall Street Zen downgraded Kemper from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 6th. Piper Sandler lowered their target price on Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $79.40.

Insider Buying and Selling

In other Kemper news, Director Alberto J. Paracchini purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the purchase, the director directly owned 10,323 shares in the company, valued at $637,032.33. This represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald Laderman bought 2,500 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were purchased at an average price of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the transaction, the director owned 21,635 shares of the company’s stock, valued at $1,346,562.40. This represents a 13.07% increase in their position. The disclosure for this purchase can be found here. 0.76% of the stock is owned by insiders.

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.