Insider Buying: Kemper Co. (NYSE:KMPR) Director Buys 2,500 Shares of Stock

Kemper Co. (NYSE:KMPR) Director Gerald Laderman bought 2,500 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were acquired at an average price of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the acquisition, the director now owns 21,635 shares in the company, valued at $1,346,562.40. This represents a 13.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kemper Stock Performance

KMPR stock opened at $63.00 on Friday. The firm has a 50-day simple moving average of $61.27 and a two-hundred day simple moving average of $64.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. Kemper Co. has a one year low of $53.57 and a one year high of $73.01. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 12.83 and a beta of 1.30.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Kemper’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Monday, May 19th. Kemper’s dividend payout ratio is currently 23.93%.

Analyst Upgrades and Downgrades

KMPR has been the subject of several research reports. Wall Street Zen cut shares of Kemper from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 6th. Piper Sandler dropped their target price on Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $79.40.

Institutional Investors Weigh In On Kemper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of Kemper by 0.8% in the first quarter. Wellington Management Group LLP now owns 2,759,405 shares of the insurance provider’s stock worth $184,466,000 after buying an additional 20,899 shares during the last quarter. Boston Partners raised its stake in Kemper by 14.3% in the 1st quarter. Boston Partners now owns 1,263,961 shares of the insurance provider’s stock worth $83,357,000 after acquiring an additional 158,102 shares during the last quarter. AQR Capital Management LLC lifted its position in Kemper by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 1,258,844 shares of the insurance provider’s stock worth $84,154,000 after acquiring an additional 342,649 shares during the period. Ameriprise Financial Inc. lifted its position in Kemper by 4.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider’s stock worth $82,271,000 after acquiring an additional 52,290 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in Kemper by 8.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,192,664 shares of the insurance provider’s stock valued at $79,730,000 after purchasing an additional 97,770 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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.