Exchange Traded Concepts LLC Buys 11,927 Shares of Kemper Corporation (NYSE:KMPR)

Exchange Traded Concepts LLC lifted its stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 15,097.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,006 shares of the insurance provider's stock after acquiring an additional 11,927 shares during the quarter. Exchange Traded Concepts LLC's holdings in Kemper were worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KMPR. Treasurer of the State of North Carolina grew its position in Kemper by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,630 shares of the insurance provider's stock worth $1,769,000 after purchasing an additional 160 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Kemper by 0.9% in the fourth quarter. Arizona State Retirement System now owns 18,698 shares of the insurance provider's stock worth $1,242,000 after buying an additional 161 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Kemper by 2.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider's stock valued at $547,000 after buying an additional 206 shares in the last quarter. UMB Bank n.a. raised its position in Kemper by 104.4% during the first quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock valued at $43,000 after buying an additional 332 shares during the period. Finally, American Century Companies Inc. lifted its stake in Kemper by 2.5% in the 4th quarter. American Century Companies Inc. now owns 13,551 shares of the insurance provider's stock worth $900,000 after acquiring an additional 334 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Alberto J. Paracchini acquired 500 shares of Kemper stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the purchase, the director now owns 10,323 shares of the company's stock, valued at $637,032.33. This represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Laderman bought 2,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average price of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the purchase, the director now directly owns 21,635 shares in the company, valued at $1,346,562.40. The trade was a 13.07% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have 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 lowered their price objective on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $79.40.

Kemper Stock Up 1.4%

KMPR stock traded up $0.92 during mid-day trading on Tuesday, hitting $65.08. The stock had a trading volume of 581,989 shares, compared to its average volume of 396,265. Kemper Corporation has a 1-year low of $53.57 and a 1-year high of $73.01. The company has a fifty day moving average of $61.88 and a 200 day moving average of $64.23. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 12.16 and a beta of 1.30.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a net margin of 7.38% and a return on equity of 15.02%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 earnings per share. On average, equities analysts expect that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 1.97%. Kemper's dividend payout ratio (DPR) is currently 23.93%.

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.