Man Group plc Takes $7.67 Million Position in Kemper Corporation $KMPR

Man Group plc purchased a new position in shares of Kemper Corporation (NYSE:KMPR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 284,350 shares of the insurance provider’s stock, valued at approximately $7,666,000. Man Group plc owned about 0.48% of Kemper at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMPR. Principal Financial Group Inc. increased its position in Kemper by 125.8% in the first 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 period. Hsbc Holdings PLC lifted its position in Kemper by 1,888.9% during the 1st quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider’s stock valued at $6,577,000 after purchasing an additional 203,417 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Kemper in the 1st quarter valued at about $1,622,000. Renaissance Technologies LLC boosted its stake in shares of Kemper by 34.7% in the 1st quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider’s stock valued at $11,656,000 after purchasing an additional 98,200 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Kemper during the 2nd quarter worth approximately $227,331,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Up 1.4%

Shares of Kemper stock opened at $28.03 on Friday. The company has a market capitalization of $1.65 billion, a P/E ratio of -3.34 and a beta of 1.04. 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 business has a 50-day moving average of $27.98 and a two-hundred day moving average of $29.33. 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 data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $1.30 EPS. Kemper’s revenue for the quarter was down 10.8% on a year-over-year basis. As a group, equities analysts predict that Kemper Corporation will post 2.02 EPS for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid 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%.

Wall Street Analysts Forecast Growth

KMPR has been the topic of several analyst reports. Weiss Ratings lowered shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. TD Cowen reduced their price target on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Wall Street Zen lowered Kemper from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Piper Sandler reduced their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $43.25.

Insider Buying and Selling

In related news, CFO Bradley T. Camden purchased 1,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the completion of the acquisition, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. This represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jason N. Gorevic acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $25.91 per share, for a total transaction of $129,550.00. Following the completion of the acquisition, the director owned 31,802 shares of the company’s stock, valued at $823,989.82. This trade represents a 18.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 14,000 shares of company stock valued at $367,880. 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.