Bradley Camden Buys 1,000 Shares of Kemper (NYSE:KMPR) Stock

Key Points

• Kemper CFO Bradley Camden purchased 1,000 shares at an average price of $26.34, increasing his direct holdings by 1.99% to 51,259 shares.
• Kemper shares fell 0.7% to $26.21, while the insurer reported quarterly EPS of $0.45, beating estimates of $0.34. Revenue declined 10.8% year over year to $1.09 billion.
• The company declared a quarterly dividend of $0.32 per share, implying a 4.9% annualized yield. Analyst sentiment remains cautious, with an overall “Reduce” rating and four sell recommendations versus one buy.

Kemper Corporation (NYSE:KMPR - Get Free Report) CFO Bradley Camden bought 1,000 shares of Kemper stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the acquisition, the chief financial officer directly owned 51,259 shares in the company, valued at approximately $1,350,162.06. This represents a 1.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kemper Stock Down 0.7%

NYSE:KMPR traded down $0.18 during mid-day trading on Tuesday, hitting $26.21. The company had a trading volume of 812,287 shares, compared to its average volume of 1,039,576. The business has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $30.33. The firm 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 company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43.

Kemper (NYSE:KMPR - Get Free Report) last posted its 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. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 earnings per share. Equities analysts forecast that Kemper Corporation will post 1.93 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.9%. Kemper's payout ratio is -15.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of Kemper by 125.8% during the 1st quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider's stock valued at $8,693,000 after purchasing an additional 158,488 shares during the period. Hsbc Holdings PLC lifted its position in shares of Kemper by 1,888.9% in the 1st quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider's stock valued at $6,577,000 after acquiring an additional 203,417 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Kemper in the first quarter worth $1,622,000. Walleye Capital LLC boosted its position in Kemper by 102.1% during the 1st quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider's stock worth $9,938,000 after acquiring an additional 164,315 shares during the period. Finally, Renaissance Technologies LLC grew its position in Kemper by 34.7% during the first 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 in the last quarter. Institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Zacks Research downgraded Kemper from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 13th. Weiss Ratings downgraded Kemper from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday. Wall Street Zen upgraded Kemper from a "sell" rating to a "hold" rating in a research note on Saturday. UBS Group dropped their price target on shares of Kemper from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Monday. Finally, Piper Sandler reduced 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. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $43.67.

About Kemper

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.

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