Inspire Investing LLC Has $343,000 Holdings in Kemper Corporation $KMPR

Inspire Investing LLC cut its stake in shares of Kemper Corporation (NYSE:KMPR) by 15.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,133 shares of the insurance provider’s stock after selling 931 shares during the period. Inspire Investing LLC’s holdings in Kemper were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMPR. GAMMA Investing LLC raised its position in Kemper by 87.0% during the first quarter. GAMMA Investing LLC now owns 1,337 shares of the insurance provider’s stock valued at $89,000 after purchasing an additional 622 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Kemper by 59.7% in the 1st quarter. Jump Financial LLC now owns 19,400 shares of the insurance provider’s stock worth $1,297,000 after acquiring an additional 7,255 shares during the last quarter. Cerity Partners LLC grew its position in shares of Kemper by 74.7% during the 1st quarter. Cerity Partners LLC now owns 35,334 shares of the insurance provider’s stock valued at $2,362,000 after acquiring an additional 15,106 shares during the period. M&T Bank Corp bought a new position in shares of Kemper during the 1st quarter valued at approximately $301,000. Finally, KBC Group NV boosted its holdings in Kemper by 14.3% in the 1st quarter. KBC Group NV now owns 2,948 shares of the insurance provider’s stock worth $197,000 after buying an additional 369 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Stock Performance

Shares of NYSE:KMPR opened at $52.57 on Wednesday. Kemper Corporation has a 1-year low of $45.02 and a 1-year high of $73.01. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $56.26 and a two-hundred day moving average price of $60.65. The stock has a market capitalization of $3.30 billion, a P/E ratio of 9.90 and a beta of 1.30.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Kemper had a net margin of 7.18% and a return on equity of 14.39%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.42 EPS. Equities analysts predict that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper announced that its Board of Directors has approved a stock buyback program on Tuesday, August 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 12.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 18th. Kemper’s dividend payout ratio is currently 24.11%.

Insider Activity

In other Kemper news, Director Gerald Laderman acquired 3,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $49.37 per share, for a total transaction of $148,110.00. Following the acquisition, the director owned 24,635 shares in the company, valued at $1,216,229.95. This represents a 13.87% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jason N. Gorevic bought 2,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $49.14 per share, with a total value of $98,280.00. Following the transaction, the director directly owned 22,072 shares in the company, valued at approximately $1,084,618.08. This represents a 9.96% increase in their position. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JMP Securities reduced their price target on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Wednesday, August 6th. Piper Sandler reiterated an “underweight” rating and issued a $50.00 price target (down from $75.00) on shares of Kemper in a report on Wednesday, August 6th. Wall Street Zen cut shares of Kemper from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Cowen reissued a “buy” rating on shares of Kemper in a report on Thursday, August 7th. Finally, Zacks Research raised shares of Kemper to a “strong sell” rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.75.

About Kemper

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.