Algert Global LLC Sells 129,912 Shares of Kemper Corporation $KMPR

Key Points

• Algert Global reduced its Kemper stake by 21.3%, selling 129,912 shares in the second quarter and retaining 479,901 shares worth approximately $12.9 million. Institutional investors and hedge funds collectively own 86.23% of Kemper.
• Analyst sentiment remains cautious, with Kemper holding an average “Reduce” rating and a $43.67 price target. The stock opened at $27.76, near its 52-week low, despite the company exceeding quarterly EPS expectations.
• Kemper reported quarterly EPS of $0.45 versus the $0.34 consensus estimate, but revenue declined 10.8% year over year to $1.09 billion. The company declared a quarterly dividend of $0.32 per share, equating to a 4.6% annualized yield.

Algert Global LLC decreased its stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 21.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 479,901 shares of the insurance provider's stock after selling 129,912 shares during the quarter. Algert Global LLC owned about 0.81% of Kemper worth $12,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank raised its holdings in shares of Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 421 shares during the last quarter. Danske Bank A S bought a new position in Kemper during the third quarter valued at $36,000. Rockefeller Capital Management L.P. grew its stake in shares of Kemper by 616.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider's stock worth $38,000 after acquiring an additional 814 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Kemper by 11,455.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider's stock worth $42,000 after purchasing an additional 1,031 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Kemper by 57.5% in the 4th quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider's stock valued at $56,000 after buying an additional 507 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kemper Stock Up 0.4%

NYSE KMPR opened at $27.76 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $54.64. The company has a market capitalization of $1.64 billion, a P/E ratio of -3.31 and a beta of 1.04. The stock's 50-day moving average price is $27.81 and its 200-day moving average price is $29.42.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 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 the consensus estimate of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The company's revenue was down 10.8% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. On average, equities research analysts predict that Kemper Corporation will post 2.02 earnings per share for the current year.

Kemper Dividend Announcement

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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, August 21st. Kemper's dividend payout ratio (DPR) is -15.24%.

Insider Activity at Kemper

In related news, EVP Carl Thomas Jr. Evans acquired 1,000 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $26.53 per share, with a total value of $26,530.00. Following the acquisition, the executive vice president directly owned 91,629 shares of the company's stock, valued at approximately $2,430,917.37. This trade represents a 1.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen J. Mcanena bought 3,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the transaction, the chief executive officer directly owned 30,945 shares of the company's stock, valued at $820,042.50. This represents a 10.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 14,000 shares of company stock valued at $367,880 in the last ninety days. Corporate insiders own 0.61% of the company's stock.

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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