AXQ Capital LP Sells 5,735 Shares of Kemper Corporation $KMPR

AXQ Capital LP lowered its stake in shares of Kemper Corporation (NYSE:KMPR) by 59.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,914 shares of the insurance provider’s stock after selling 5,735 shares during the quarter. AXQ Capital LP’s holdings in Kemper were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KMPR. Bayforest Capital Ltd acquired a new position in shares of Kemper during the first quarter valued at about $44,000. IFP Advisors Inc grew its position in Kemper by 651.6% during the second quarter. IFP Advisors Inc now owns 699 shares of the insurance provider’s stock worth $45,000 after buying an additional 606 shares in the last quarter. CX Institutional increased its stake in Kemper by 50.3% during the second 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. Neo Ivy Capital Management acquired a new position in Kemper in the 2nd quarter valued at approximately $69,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Kemper in the 1st quarter valued at approximately $70,000. 86.23% of the stock is owned by institutional investors.

Kemper Trading Up 0.4%

Shares of KMPR stock opened at $39.16 on Tuesday. The company has a market capitalization of $2.29 billion, a P/E ratio of 7.37 and a beta of 1.23. The firm has a 50-day moving average price of $45.97 and a 200 day moving average price of $54.88. 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 12-month low of $33.91 and a 12-month high of $73.01.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Kemper had a net margin of 7.18% and a return on equity of 14.39%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. Research analysts forecast that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the insurance provider to purchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Kemper Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.