Mutual of America Capital Management LLC Has $1.93 Million Holdings in Kemper Corporation $KMPR

Mutual of America Capital Management LLC trimmed its stake in Kemper Corporation (NYSE:KMPR) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,916 shares of the insurance provider’s stock after selling 998 shares during the period. Mutual of America Capital Management LLC’s holdings in Kemper were worth $1,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Kemper by 87.0% in 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 during the period. Jump Financial LLC increased its holdings in Kemper by 59.7% in the first quarter. Jump Financial LLC now owns 19,400 shares of the insurance provider’s stock valued at $1,297,000 after purchasing an additional 7,255 shares during the period. Moran Wealth Management LLC acquired a new stake in Kemper in the second quarter valued at $608,000. Cerity Partners LLC increased its holdings in Kemper by 74.7% in the first quarter. Cerity Partners LLC now owns 35,334 shares of the insurance provider’s stock valued at $2,362,000 after purchasing an additional 15,106 shares during the period. Finally, M&T Bank Corp acquired a new stake in Kemper in the first quarter valued at $301,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Kemper in a report on Saturday. Piper Sandler restated an “underweight” rating and issued a $50.00 price objective (down from $75.00) on shares of Kemper in a report on Wednesday, August 6th. Cowen reaffirmed a “buy” rating on shares of Kemper in a research report on Thursday, August 7th. JMP Securities cut 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. Finally, Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kemper presently has an average rating of “Hold” and a consensus target price of $67.25.

Kemper Stock Up 0.1%

KMPR opened at $47.70 on Friday. The company has a 50 day moving average of $51.57 and a 200 day moving average of $57.67. The company has a market cap of $2.99 billion, a PE ratio of 8.98 and a beta of 1.25. Kemper Corporation has a 12 month low of $45.02 and a 12 month 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.

Kemper (NYSE:KMPR) last released its quarterly earnings data 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 business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Kemper had a return on equity of 14.39% and a net margin of 7.18%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.42 earnings per share. On average, sell-side analysts expect that Kemper Corporation will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.28 annualized dividend and a yield of 2.7%. Kemper’s dividend payout ratio (DPR) is 24.11%.

Kemper declared that its board has approved a share repurchase plan on Tuesday, August 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the insurance provider to repurchase up to 12.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Kemper

In other Kemper news, Director Gerald Laderman acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $49.37 per share, with a total value of $148,110.00. Following the acquisition, the director owned 24,635 shares in the company, valued at approximately $1,216,229.95. This represents a 13.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jason N. Gorevic purchased 2,000 shares of the business’s stock in a transaction on 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 completion of the acquisition, the director owned 22,072 shares in the company, valued at approximately $1,084,618.08. This trade represents a 9.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.20% of the stock is currently 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.