Kemper Corporation $KMPR Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Kemper Corporation (NYSE:KMPR) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,898 shares of the insurance provider’s stock after acquiring an additional 382 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kemper were worth $1,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KMPR. CX Institutional acquired a new stake in Kemper during the 1st quarter valued at approximately $38,000. UMB Bank n.a. lifted its stake in shares of Kemper by 104.4% in the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 332 shares during the period. CENTRAL TRUST Co acquired a new position in shares of Kemper in the 1st quarter valued at $44,000. Bayforest Capital Ltd acquired a new position in shares of Kemper in the 1st quarter valued at $44,000. Finally, Allworth Financial LP lifted its stake in shares of Kemper by 68.8% in the 1st quarter. Allworth Financial LP now owns 883 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 360 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kemper

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMPR. Piper Sandler reiterated an “underweight” rating and issued a $50.00 target price (down from $75.00) on shares of Kemper in a research note on Wednesday, August 6th. Zacks Research upgraded shares of Kemper to a “strong sell” rating in a research note on Monday, August 11th. JMP Securities decreased their target price on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Cowen reiterated a “buy” rating on shares of Kemper in a research note on Thursday, August 7th. One research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.75.

Kemper Price Performance

Shares of NYSE KMPR opened at $51.78 on Monday. The firm has a market cap of $3.25 billion, a PE ratio of 9.75 and a beta of 1.30. The firm has a fifty day moving average of $54.73 and a 200 day moving average of $59.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.21 and a current ratio of 0.21. Kemper Corporation has a one year low of $45.02 and a one year high of $73.01.

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

Kemper announced that its board has initiated a share buyback program on Tuesday, August 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the insurance provider to reacquire up to 12.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 18th. Kemper’s payout ratio is presently 24.11%.

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.