Insider Buying: Kemper (NYSE:KMPR) Director Acquires $129,550.00 in Stock

Kemper Corporation (NYSE:KMPR) Director Jason Gorevic bought 5,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $25.91 per share, with a total value of $129,550.00. Following the transaction, the director directly owned 31,802 shares in the company, valued at approximately $823,989.82. The trade was a 18.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kemper Stock Down 0.7%

NYSE:KMPR traded down $0.18 during mid-day trading on Tuesday, reaching $26.21. The stock had a trading volume of 812,287 shares, compared to its average volume of 1,039,576. 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 company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.12 and a beta of 1.04. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $54.90. The stock’s 50 day simple moving average is $27.29 and its two-hundred day simple moving average is $30.33.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $1.30 EPS. Kemper’s quarterly revenue was down 10.8% compared to the same quarter last year. Equities analysts anticipate that Kemper Corporation will post 1.93 EPS for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s payout ratio is currently -15.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KMPR shares. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Piper Sandler dropped their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. UBS Group cut their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Finally, Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Kemper currently has a consensus rating of “Reduce” and a consensus target price of $43.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of Kemper by 39.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock worth $330,000 after buying an additional 1,406 shares during the period. Goldman Sachs Group Inc. increased its position in Kemper by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after acquiring an additional 77,764 shares during the period. United Services Automobile Association bought a new stake in Kemper during the 1st quarter valued at $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kemper by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock worth $13,253,000 after purchasing an additional 9,008 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Kemper by 112.7% in the first quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock worth $703,000 after purchasing an additional 5,573 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

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.