Bank of New York Mellon Corp Makes New Investment in Kemper Corporation $KMPR

Key Points

• Bank of New York Mellon acquired 515,447 Kemper shares worth approximately $13.9 million, giving it an estimated 0.88% stake. Institutional investors and hedge funds collectively own 86.23% of the company.
• Kemper reported quarterly EPS of $0.45, beating estimates of $0.34, but revenue fell 10.8% year over year to $1.09 billion and the company posted a negative net margin. The company declared a quarterly dividend of $0.32 per share, representing a 4.6% yield.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Reduce” rating and an average price target of $43.25. Meanwhile, company insiders purchased 14,000 shares worth about $367,880 over the past 90 days.

Bank of New York Mellon Corp purchased a new stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 515,447 shares of the insurance provider's stock, valued at approximately $13,896,000. Bank of New York Mellon Corp owned approximately 0.88% of Kemper at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KMPR. Huntington National Bank boosted 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 buying an additional 421 shares during the period. Danske Bank A S acquired a new position in Kemper in the 3rd quarter valued at approximately $36,000. Rockefeller Capital Management L.P. increased its position in Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 814 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Kemper by 11,455.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 1,031 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Kemper by 57.5% during the fourth quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider's stock worth $56,000 after purchasing an additional 507 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Kemper Stock Performance

Shares of KMPR opened at $27.61 on Wednesday. Kemper Corporation has a one year low of $22.69 and a one year high of $54.64. The company has a market cap of $1.63 billion, a PE ratio of -3.29 and a beta of 1.04. The stock has a 50-day moving average of $28.07 and a 200-day moving average of $29.23. 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 (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The company's quarterly revenue was down 10.8% on a year-over-year basis. On average, equities research analysts predict that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. Kemper's payout ratio is presently -15.24%.

Analyst Ratings Changes

A number of analysts recently weighed in on KMPR shares. Weiss Ratings downgraded Kemper from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 6th. Piper Sandler reduced their target price on Kemper from $35.00 to $28.00 and set an "underweight" rating on the stock in a report on Thursday, May 7th. Zacks Research raised shares of Kemper from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Wall Street Zen lowered shares of Kemper from a "hold" rating to a "sell" rating in a report on Saturday. Finally, TD Cowen reduced their price objective on shares of Kemper from $81.00 to $42.00 and set a "buy" rating on the stock 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $43.25.

Insider Buying and Selling

In related news, Director Gerald Laderman purchased 4,000 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $26.49 per share, for a total transaction of $105,960.00. Following the purchase, the director owned 33,365 shares of the company's stock, valued at approximately $883,838.85. This trade represents a 13.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen J. Mcanena acquired 3,000 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $26.50 per share, with a total value of $79,500.00. Following the completion of the acquisition, the chief executive officer directly owned 30,945 shares in the company, valued at approximately $820,042.50. This represents a 10.74% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 14,000 shares of company stock worth $367,880 over the last ninety days. Insiders own 0.61% of the company's stock.

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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