Hsbc Holdings PLC Makes New Investment in Kemper Corporation $KMPR

Hsbc Holdings PLC bought a new stake in shares of Kemper Corporation (NYSE:KMPR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,725 shares of the insurance provider’s stock, valued at approximately $2,093,000. Hsbc Holdings PLC owned about 0.13% of Kemper at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Kemper by 125.8% during the 1st quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock worth $8,693,000 after purchasing an additional 158,488 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Kemper in the first quarter valued at about $1,622,000. BlackRock Inc. acquired a new stake in shares of Kemper in the second quarter valued at about $227,331,000. Renaissance Technologies LLC lifted its stake in shares of Kemper by 34.7% in the first quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider’s stock worth $11,656,000 after buying an additional 98,200 shares in the last quarter. Finally, Lakewood Capital Management LP acquired a new position in Kemper during the second quarter worth about $9,250,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMPR has been the subject of several research reports. Piper Sandler dropped their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a research report on Saturday. TD Cowen decreased their price objective on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group lowered their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Kemper presently has a consensus rating of “Reduce” and a consensus target price of $43.25.

Kemper Trading Up 0.4%

Shares of KMPR stock opened at $28.03 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $1.65 billion, a PE ratio of -3.34 and a beta of 1.04. The company has a 50-day moving average of $27.98 and a two-hundred day moving average of $29.29. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $54.64.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue was down 10.8% on a year-over-year basis. On average, analysts predict that Kemper Corporation will post 2.02 EPS for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. Kemper’s payout ratio is presently -15.24%.

Insider Buying and Selling

In other news, Director Gerald Laderman acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $26.49 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 33,365 shares of the company’s stock, valued at $883,838.85. This represents a 13.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Carl Thomas Jr. Evans acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $26.53 per share, for a total transaction of $26,530.00. Following the acquisition, the executive vice president directly owned 91,629 shares in the company, valued at approximately $2,430,917.37. This trade represents a 1.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 14,000 shares of company stock valued at $367,880 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Kemper Company Profile

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.