Deutsche Bank AG Buys New Position in Kemper Corporation $KMPR

Key Points

• Deutsche Bank acquired 64,812 Kemper shares worth approximately $1.75 million, while institutional investors overall own 86.23% of the company.
• Kemper insiders purchased 14,000 shares worth $367,880 during the last quarter, including purchases by the CFO and CEO.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $43.25. Kemper reported quarterly EPS of $0.45, exceeding estimates, and declared a $0.32 quarterly dividend yielding about 4.6%.

Deutsche Bank AG bought a new stake in Kemper Corporation (NYSE:KMPR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 64,812 shares of the insurance provider's stock, valued at approximately $1,747,000. Deutsche Bank AG owned approximately 0.11% of Kemper as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Kemper by 125.8% in the 1st quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider's stock valued at $8,693,000 after purchasing an additional 158,488 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Kemper by 1,888.9% during 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 during 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 grew its stake in Kemper by 34.7% in 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 in the last quarter. Finally, Walleye Capital LLC increased its holdings in Kemper by 102.1% in the first quarter. Walleye Capital LLC now owns 325,197 shares of the insurance provider's stock valued at $9,938,000 after buying an additional 164,315 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Insider Buying and Selling at Kemper

In related news, CFO Bradley T. Camden purchased 1,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $26.34 per share, with a total value of $26,340.00. Following the purchase, the chief financial officer owned 51,259 shares in the company, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen J. Mcanena acquired 3,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was bought at an average price 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 of the company's stock, valued at approximately $820,042.50. This represents a 10.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 14,000 shares of company stock valued at $367,880. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMPR. Wall Street Zen lowered Kemper from a "hold" rating to a "sell" rating in a research report on Saturday. UBS Group dropped their price target on Kemper from $44.00 to $43.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. TD Cowen reduced their price objective on Kemper from $81.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday. Piper Sandler decreased their price objective on shares of Kemper from $35.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Kemper from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $43.25.

Kemper Trading Up 1.4%

Kemper stock opened at $28.03 on Friday. Kemper Corporation has a 52-week low of $22.69 and a 52-week high of $54.64. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.34 and a beta of 1.04. The firm has a 50-day moving average price of $27.98 and a two-hundred day moving average price of $29.33.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $1.30 EPS. The business's revenue for the quarter was down 10.8% compared to the same quarter last year. Sell-side analysts expect 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. Investors of record on Friday, August 21st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, August 21st. Kemper's payout ratio is currently -15.24%.

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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