Bank of New York Mellon Corp Sells 16,811 Shares of Kemper Corporation (NYSE:KMPR)

Bank of New York Mellon Corp cut its holdings in Kemper Corporation (NYSE:KMPR - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 526,233 shares of the insurance provider's stock after selling 16,811 shares during the period. Bank of New York Mellon Corp owned 0.82% of Kemper worth $35,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CX Institutional bought a new position in Kemper in the 1st quarter valued at $38,000. EverSource Wealth Advisors LLC boosted its holdings in Kemper by 141.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 352 shares during the period. UMB Bank n.a. boosted its holdings in Kemper by 104.4% in the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 332 shares during the period. CENTRAL TRUST Co bought a new position in Kemper in the 1st quarter valued at $44,000. Finally, True Wealth Design LLC boosted its holdings in Kemper by 197.5% in the 4th quarter. True Wealth Design LLC now owns 717 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 476 shares during the period. 86.23% of the stock is owned by institutional investors.

Kemper Stock Up 0.9%

Shares of NYSE KMPR traded up $0.57 during midday trading on Wednesday, hitting $60.94. The stock had a trading volume of 741,668 shares, compared to its average volume of 419,945. The business's 50 day moving average is $63.31 and its 200-day moving average is $63.90. The company has a market cap of $3.90 billion, a P/E ratio of 11.39 and a beta of 1.28. Kemper Corporation has a 52 week low of $53.57 and a 52 week high of $73.01. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32.

Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a net margin of 7.38% and a return on equity of 15.02%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. As a group, analysts predict that Kemper Corporation will post 6.03 EPS for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.10%. Kemper's payout ratio is 23.93%.

Insider Activity at Kemper

In related news, Director Alberto J. Paracchini acquired 500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average cost of $61.71 per share, with a total value of $30,855.00. Following the completion of the acquisition, the director directly owned 10,323 shares of the company's stock, valued at approximately $637,032.33. This trade represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerald Laderman acquired 2,500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were bought at an average cost of $62.24 per share, with a total value of $155,600.00. Following the completion of the acquisition, the director directly owned 21,635 shares of the company's stock, valued at $1,346,562.40. The trade was a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KMPR shares. Piper Sandler dropped their target price on Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut shares of Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kemper currently has a consensus rating of "Buy" and an average target price of $79.40.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.