343,090 Shares in Kemper Corporation $KMPR Bought by Lakewood Capital Management LP

Key Points

• Lakewood Capital Management acquired 343,090 Kemper shares worth approximately $9.25 million, giving it a 0.58% stake. Institutional investors collectively own 86.23% of the insurer.
• Kemper insiders have also been buying shares, with executives purchasing 14,000 shares worth $367,880 over the past 90 days.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $43.67. Kemper recently reported quarterly EPS of $0.45, beating estimates, and declared a quarterly dividend of $0.32, representing a 4.6% annualized yield.

Lakewood Capital Management LP purchased a new stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 343,090 shares of the insurance provider's stock, valued at approximately $9,250,000. Lakewood Capital Management LP owned 0.58% of Kemper as of its most recent SEC filing.

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

Insider Transactions at Kemper

In related news, CFO Bradley T. Camden bought 1,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $26.34 per share, with a total value of $26,340.00. Following the transaction, the chief financial officer owned 51,259 shares in the company, valued at approximately $1,350,162.06. This trade represents a 1.99% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carl Thomas Jr. Evans bought 1,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $26.53 per share, for a total transaction of $26,530.00. Following the purchase, the executive vice president directly owned 91,629 shares in the company, valued at approximately $2,430,917.37. This represents a 1.10% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 14,000 shares of company stock worth $367,880. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KMPR shares. Weiss Ratings downgraded Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Kemper from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research raised shares of Kemper from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. UBS Group lowered their price target on shares of Kemper from $44.00 to $43.00 and set a "buy" rating for the company in a report on Monday, August 10th. Finally, Piper Sandler dropped their price target on shares of Kemper from $35.00 to $28.00 and set an "underweight" rating for the company in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $43.67.

Kemper Trading Up 2.4%

NYSE KMPR opened at $27.69 on Tuesday. The stock has a market cap of $1.63 billion, a P/E ratio of -3.30 and a beta of 1.04. Kemper Corporation has a fifty-two week low of $22.69 and a fifty-two week high of $54.64. The stock has a 50 day simple moving average of $27.77 and a two-hundred day simple moving average of $29.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17.

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 the consensus estimate 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 was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, analysts forecast that Kemper Corporation will post 1.97 earnings per share for the current year.

Kemper Announces Dividend

The business 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. The ex-dividend date is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.6%. Kemper's dividend payout ratio is -15.24%.

Kemper 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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