Bank of New York Mellon Corp Sells 16,811 Shares of Kemper Corporation (NYSE:KMPR)

Bank of New York Mellon Corp cut its holdings in Kemper Corporation (NYSE:KMPR) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 526,233 shares of the insurance provider’s stock after selling 16,811 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.82% of Kemper worth $35,179,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. CX Institutional acquired a new stake in shares of Kemper during the 1st quarter worth about $38,000. EverSource Wealth Advisors LLC increased its position in Kemper by 141.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 352 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Kemper by 104.4% during the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider’s stock valued at $43,000 after buying an additional 332 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in Kemper in the first quarter worth $44,000. Finally, True Wealth Design LLC increased its holdings in shares of Kemper by 197.5% during the fourth quarter. True Wealth Design LLC now owns 717 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 476 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Performance

NYSE:KMPR opened at $60.38 on Wednesday. The stock has a market cap of $3.86 billion, a P/E ratio of 11.29 and a beta of 1.28. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32. Kemper Corporation has a twelve month low of $53.57 and a twelve month high of $73.01. The business’s 50-day moving average price is $63.31 and its two-hundred day moving average price is $63.90.

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

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.12%. The ex-dividend date was Monday, May 19th. Kemper’s dividend payout ratio is presently 23.93%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler dropped their price target on Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Wall Street Zen downgraded Kemper from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $79.40.

Insider Activity at Kemper

In other news, Director Alberto J. Paracchini purchased 500 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were acquired at an average price of $61.71 per share, for a total transaction of $30,855.00. Following the purchase, the director owned 10,323 shares in the company, valued at $637,032.33. This trade 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 accessible through this hyperlink. Also, Director Gerald Laderman acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was bought at an average cost of $62.24 per share, with a total value of $155,600.00. Following the acquisition, the director owned 21,635 shares in the company, valued at approximately $1,346,562.40. This trade represents a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.76% of the stock is owned by company insiders.

Kemper 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.