Fox Run Management L.L.C. Has $1.51 Million Stock Position in Kemper Corporation $KMPR

Key Points

• Fox Run Management L.L.C. significantly increased its holdings in Kemper Corporation by 213.1% to a total of 22,599 shares, valued at approximately $1.51 million.
• Several analysts have downgraded their price targets for Kemper, with JMP Securities reducing it from $85.00 to $75.00 and Piper Sandler lowering theirs from $75.00 to $50.00.
• Kemper announced a quarterly dividend of $0.32 per share, corresponding to an annualized dividend of $1.28, and approved a $500 million share repurchase plan.

Fox Run Management L.L.C. increased its stake in Kemper Corporation (NYSE:KMPR - Free Report) by 213.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,599 shares of the insurance provider's stock after purchasing an additional 15,382 shares during the period. Fox Run Management L.L.C.'s holdings in Kemper were worth $1,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KMPR. LPL Financial LLC raised its position in shares of Kemper by 16.2% during the 4th quarter. LPL Financial LLC now owns 11,147 shares of the insurance provider's stock valued at $741,000 after acquiring an additional 1,556 shares during the last quarter. Cerity Partners LLC boosted its stake in Kemper by 52.1% in the 4th quarter. Cerity Partners LLC now owns 20,228 shares of the insurance provider's stock worth $1,335,000 after purchasing an additional 6,929 shares during the period. Raymond James Financial Inc. acquired a new position in Kemper in the 4th quarter worth $23,325,000. Treasurer of the State of North Carolina boosted its stake in shares of 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 buying an additional 160 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Kemper by 52.0% during the 4th quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider's stock worth $242,000 after buying an additional 1,246 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Insider Transactions at Kemper

In other Kemper news, Director Gerald Laderman acquired 3,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $49.37 per share, with a total value of $148,110.00. Following the transaction, the director owned 24,635 shares in the company, valued at approximately $1,216,229.95. The trade was a 13.87% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alberto J. Paracchini acquired 500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were bought at an average price of $61.71 per share, for a total transaction of $30,855.00. Following 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock valued at $432,845. Corporate insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Kemper from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Cowen reissued a "buy" rating on shares of Kemper in a report on Thursday, August 7th. JMP Securities lowered their target price on shares of Kemper from $85.00 to $75.00 and set a "market outperform" rating on the stock in a report on Wednesday, August 6th. Zacks Research raised shares of Kemper to a "strong sell" rating in a report on Monday, August 11th. Finally, Piper Sandler reiterated an "underweight" rating and set a $50.00 price target (down previously from $75.00) on shares of Kemper in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Kemper currently has an average rating of "Moderate Buy" and an average price target of $72.75.

Kemper Trading Up 2.1%

Shares of NYSE:KMPR traded up $1.1070 during mid-day trading on Tuesday, reaching $53.9570. 393,178 shares of the company's stock were exchanged, compared to its average volume of 566,432. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 10.16 and a beta of 1.27. The business's fifty day moving average price is $60.44 and its 200-day moving average price is $62.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.21 and a current ratio of 0.21. Kemper Corporation has a twelve month low of $45.02 and a twelve month high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Kemper had a return on equity of 14.39% and a net margin of 7.18%.Kemper's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. On average, research analysts predict that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to reacquire up to 12.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 18th. Kemper's payout ratio is 24.11%.

Kemper Company 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.