Kemper Corporation (NYSE:KMPR) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in Kemper Corporation (NYSE:KMPR - Free Report) by 15,097.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,006 shares of the insurance provider's stock after buying an additional 11,927 shares during the quarter. Exchange Traded Concepts LLC's holdings in Kemper were worth $803,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in KMPR. Rhumbline Advisers lifted its stake in Kemper by 0.4% during the fourth quarter. Rhumbline Advisers now owns 169,922 shares of the insurance provider's stock worth $11,290,000 after purchasing an additional 617 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Kemper by 13.8% during the fourth quarter. Sanctuary Advisors LLC now owns 5,169 shares of the insurance provider's stock worth $352,000 after purchasing an additional 626 shares during the last quarter. Ieq Capital LLC purchased a new stake in Kemper during the fourth quarter worth approximately $3,606,000. Handelsbanken Fonder AB lifted its stake in Kemper by 13.2% during the fourth quarter. Handelsbanken Fonder AB now owns 11,973 shares of the insurance provider's stock worth $795,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in Kemper by 27.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider's stock worth $380,000 after purchasing an additional 1,221 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Insider Activity

In related news, Director Gerald Laderman bought 2,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average price of $62.24 per share, with a total value of $155,600.00. Following the completion of the acquisition, the director now owns 21,635 shares in the company, valued at approximately $1,346,562.40. This trade represents a 13.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alberto J. Paracchini bought 500 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was bought at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the acquisition, the director now owns 10,323 shares of the company's stock, valued at approximately $637,032.33. This trade represents a 5.09% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.20% of the company's stock.

Analyst Ratings Changes

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

Kemper Stock Performance

KMPR traded down $0.08 during trading on Friday, hitting $63.21. 586,330 shares of the stock were exchanged, compared to its average volume of 394,871. The firm has a market capitalization of $4.04 billion, a P/E ratio of 11.81 and a beta of 1.30. Kemper Corporation has a 1-year low of $53.57 and a 1-year high of $73.01. The stock has a fifty day moving average price of $61.76 and a two-hundred day moving average price of $64.33. 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 released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, topping the consensus estimate of $1.48 by $0.17. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, sell-side analysts predict that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, May 19th. Kemper's payout ratio is currently 23.93%.

Kemper Profile

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.