Geode Capital Management LLC Decreases Stake in Kemper Corporation $KMPR

Geode Capital Management LLC cut its stake in shares of Kemper Corporation (NYSE:KMPR) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,041,846 shares of the insurance provider’s stock after selling 2,039 shares during the quarter. Geode Capital Management LLC owned about 1.66% of Kemper worth $67,250,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KMPR. Federated Hermes Inc. boosted its holdings in Kemper by 4.8% during the first quarter. Federated Hermes Inc. now owns 5,688 shares of the insurance provider’s stock worth $380,000 after buying an additional 263 shares in the last quarter. CX Institutional lifted its position in shares of Kemper by 50.3% during the 2nd quarter. CX Institutional now owns 861 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 288 shares during the period. Allworth Financial LP lifted its position in shares of Kemper by 39.1% during the 2nd quarter. Allworth Financial LP now owns 1,228 shares of the insurance provider’s stock valued at $79,000 after acquiring an additional 345 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Kemper by 27.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 369 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Kemper by 1.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,898 shares of the insurance provider’s stock worth $1,901,000 after acquiring an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KMPR shares. JMP Securities dropped their price objective on Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 6th. Piper Sandler dropped their price target on Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Raymond James Financial cut shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Wednesday, October 15th. Finally, Cowen restated a “buy” rating on shares of Kemper in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $56.67.

Kemper Stock Performance

NYSE KMPR opened at $38.92 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. Kemper Corporation has a fifty-two week low of $33.91 and a fifty-two week high of $73.01. The business has a fifty day moving average of $46.24 and a 200-day moving average of $55.05. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 7.33 and a beta of 1.23.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). Kemper had a return on equity of 14.39% and a net margin of 7.18%.The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, analysts predict that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

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

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Monday, November 17th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, November 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.3%. Kemper’s payout ratio is 33.42%.

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.