M&T Bank Corp Invests $301,000 in Kemper Corporation (NYSE:KMPR)

M&T Bank Corp bought a new position in Kemper Corporation (NYSE:KMPR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,508 shares of the insurance provider’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Kemper by 87.0% during the 1st quarter. GAMMA Investing LLC now owns 1,337 shares of the insurance provider’s stock valued at $89,000 after acquiring an additional 622 shares in the last quarter. KBC Group NV raised its stake in shares of Kemper by 14.3% during the 1st quarter. KBC Group NV now owns 2,948 shares of the insurance provider’s stock worth $197,000 after purchasing an additional 369 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Kemper by 16.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,516 shares of the insurance provider’s stock valued at $1,973,000 after acquiring an additional 4,258 shares during the period. New York State Teachers Retirement System raised its stake in Kemper by 5.1% in the 1st quarter. New York State Teachers Retirement System now owns 55,238 shares of the insurance provider’s stock valued at $3,693,000 after acquiring an additional 2,687 shares during the period. Finally, CX Institutional purchased a new position in Kemper during the 1st quarter valued at about $38,000. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other Kemper news, Director Gerald Laderman purchased 2,500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The stock was bought at an average price of $62.24 per share, with a total value of $155,600.00. Following the acquisition, the director owned 21,635 shares of the company’s stock, valued at $1,346,562.40. This trade represents a 13.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alberto J. Paracchini purchased 500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average cost of $61.71 per share, with a total value of $30,855.00. Following the acquisition, the director directly owned 10,323 shares in the company, valued at $637,032.33. This trade represents a 5.09% increase in their position. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by insiders.

Kemper Price Performance

Shares of Kemper stock opened at $62.01 on Friday. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 11.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a 50 day moving average price of $63.29 and a 200-day moving average price of $63.85. Kemper Corporation has a one year low of $53.57 and a one year high of $73.01.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Kemper had a return on equity of 15.02% and a net margin of 7.38%. Kemper’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. Equities analysts expect that Kemper Corporation will post 6.03 EPS for the current 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 paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.06%. Kemper’s payout ratio is presently 23.93%.

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.