139,029 Shares in Kemper Corporation $KMPR Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 139,029 Kemper shares worth approximately $3.75 million in the second quarter, giving it a 0.24% stake. Institutional investors collectively own 86.23% of the insurer.
• Kemper reported quarterly EPS of $0.45, beating estimates of $0.34, but revenue fell 10.8% year over year to $1.09 billion. The company paid a quarterly dividend of $0.32, equivalent to a 4.6% annualized yield.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $43.25 price target; meanwhile, insiders purchased 14,000 shares worth about $367,880 over the past three months.

Legal & General Group Plc purchased a new stake in Kemper Corporation (NYSE:KMPR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 139,029 shares of the insurance provider's stock, valued at approximately $3,748,000. Legal & General Group Plc owned 0.24% of Kemper as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State of Wyoming lifted its position in shares of Kemper by 4.7% during the 2nd quarter. State of Wyoming now owns 4,431 shares of the insurance provider's stock valued at $286,000 after acquiring an additional 199 shares during the period. M&T Bank Corp increased its holdings in shares of Kemper by 7.9% during the second quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider's stock valued at $314,000 after acquiring an additional 355 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Kemper by 27.0% during the first quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider's stock worth $115,000 after purchasing an additional 369 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Kemper by 24.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider's stock worth $80,000 after purchasing an additional 389 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock worth $26,000 after purchasing an additional 421 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Performance

NYSE:KMPR opened at $27.95 on Friday. The company has a market capitalization of $1.65 billion, a P/E ratio of -3.33 and a beta of 1.04. The business has a fifty day simple moving average of $28.20 and a two-hundred day simple moving average of $29.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. Kemper Corporation has a 1 year low of $22.69 and a 1 year high of $54.59.

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

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.6%. Kemper's dividend payout ratio (DPR) is -15.24%.

Analysts Set New Price Targets

A number of brokerages have commented on KMPR. Zacks Research upgraded shares of Kemper from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Wall Street Zen lowered shares of Kemper from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Weiss Ratings downgraded shares of Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 6th. UBS Group dropped their price target on shares of Kemper from $44.00 to $43.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. Finally, TD Cowen cut their price target on Kemper from $81.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, August 27th. 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. Based on data from MarketBeat, Kemper has a consensus rating of "Reduce" and a consensus price target of $43.25.

Insider Buying and Selling at Kemper

In related news, CFO Bradley T. Camden acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $26.34 per share, for a total transaction of $26,340.00. Following the purchase, the chief financial officer owned 51,259 shares in the company, valued at $1,350,162.06. This trade represents a 1.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jason N. Gorevic bought 5,000 shares of the business's stock in a transaction on Monday, August 10th. The stock was bought at an average price of $25.91 per share, with a total value of $129,550.00. Following the purchase, the director owned 31,802 shares in the company, valued at $823,989.82. This trade represents a 18.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 14,000 shares of company stock worth $367,880. Company insiders own 0.61% 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.

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