Bank of America Corp DE Purchases 105,666 Shares of Kemper Corporation $KMPR

Bank of America Corp DE grew its position in Kemper Corporation (NYSE:KMPR - Free Report) by 24.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 535,144 shares of the insurance provider's stock after acquiring an additional 105,666 shares during the quarter. Bank of America Corp DE owned 0.91% of Kemper worth $16,354,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KMPR. Principal Financial Group Inc. boosted 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 acquiring an additional 158,488 shares in the last quarter. Hsbc Holdings PLC raised its position in Kemper by 1,888.9% in the first quarter. Hsbc Holdings PLC now owns 214,186 shares of the insurance provider's stock worth $6,577,000 after purchasing an additional 203,417 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Kemper in the first quarter worth about $1,622,000. Renaissance Technologies LLC lifted its stake in Kemper by 34.7% during the first quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider's stock worth $11,656,000 after purchasing an additional 98,200 shares during the period. Finally, Walleye Capital LLC lifted its stake in Kemper by 102.1% during the first quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider's stock worth $9,938,000 after purchasing an additional 164,315 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Kemper Trading Up 2.6%

Shares of NYSE KMPR opened at $27.41 on Friday. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $54.64. The company has a 50-day moving average of $27.69 and a two-hundred day moving average of $29.65. The company has a market cap of $1.61 billion, a PE ratio of -3.26 and a beta of 1.04. 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 released its earnings results 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 company had revenue of $1.09 billion during 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% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. As a group, equities analysts expect that Kemper Corporation will post 1.97 earnings per share for the current fiscal year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given a dividend of $0.32 per share. The ex-dividend date is Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 4.7%. Kemper's payout ratio is currently -15.24%.

Insider Buying and Selling at Kemper

In other Kemper news, Director Gerald Laderman purchased 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $26.49 per share, with a total value of $105,960.00. Following the completion of the purchase, the director directly owned 33,365 shares in the company, valued at approximately $883,838.85. This represents a 13.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carl Thomas Jr. Evans acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $26.53 per share, for a total transaction of $26,530.00. Following the completion of the acquisition, the executive vice president directly owned 91,629 shares of the company's stock, valued at $2,430,917.37. This trade represents a 1.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 14,000 shares of company stock valued at $367,880 over the last 90 days. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMPR. Piper Sandler lowered their price objective on Kemper from $35.00 to $28.00 and set an "underweight" rating on the stock in a research note on Thursday, May 7th. UBS Group cut their target price on Kemper from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Weiss Ratings lowered Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Kemper from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded Kemper from a "strong sell" rating to a "hold" rating in a research note on Tuesday. 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.com, Kemper currently has an average rating of "Reduce" and a consensus price target of $43.67.

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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