Cerity Partners LLC Boosts Holdings in Kemper Corporation (NYSE:KMPR)

Cerity Partners LLC increased its stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 74.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,334 shares of the insurance provider's stock after acquiring an additional 15,106 shares during the period. Cerity Partners LLC owned about 0.06% of Kemper worth $2,362,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Kemper by 68.8% during the 1st quarter. Allworth Financial LP now owns 883 shares of the insurance provider's stock worth $59,000 after buying an additional 360 shares during the last quarter. M&T Bank Corp acquired a new stake in Kemper during the first quarter worth approximately $301,000. Envestnet Asset Management Inc. boosted its holdings in shares of Kemper by 7.5% during the first quarter. Envestnet Asset Management Inc. now owns 35,263 shares of the insurance provider's stock worth $2,357,000 after acquiring an additional 2,461 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Kemper by 5.1% during the first quarter. New York State Teachers Retirement System now owns 55,238 shares of the insurance provider's stock worth $3,693,000 after acquiring an additional 2,687 shares during the period. Finally, KBC Group NV increased its stake in shares of Kemper by 14.3% during the first quarter. KBC Group NV now owns 2,948 shares of the insurance provider's stock worth $197,000 after purchasing an additional 369 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Trading Up 1.3%

Shares of NYSE KMPR traded up $0.82 during trading on Tuesday, reaching $62.02. The company had a trading volume of 236,188 shares, compared to its average volume of 420,405. The stock has a market cap of $3.97 billion, a P/E ratio of 11.59 and a beta of 1.28. The company's fifty day moving average price is $63.24 and its 200-day moving average price is $63.79. 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 Corporation has a 12 month low of $53.57 and a 12 month high of $73.01.

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

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.06%. Kemper's dividend payout ratio is currently 23.93%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMPR. Wall Street Zen cut Kemper from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Piper Sandler reduced their target price on Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kemper presently has an average rating of "Buy" and an average target price of $79.40.

Insider Transactions at Kemper

In other Kemper news, Director Alberto J. Paracchini acquired 500 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was bought at an average price of $61.71 per share, with a total value of $30,855.00. Following the purchase, the director 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald Laderman acquired 2,500 shares of Kemper stock in a transaction dated Tuesday, June 10th. The shares were bought at an average cost of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the purchase, the director directly owned 21,635 shares of the company's stock, valued at approximately $1,346,562.40. The trade was a 13.07% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company's stock.

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.