Hsbc Holdings PLC Trims Stock Position in Kemper Corporation $KMPR

Key Points

• HSBC cut its Kemper position by 64.2% in the second quarter, selling 137,461 shares and retaining 76,725 shares valued at approximately $2.1 million. Institutional investors collectively own 86.23% of Kemper.
• Kemper reported quarterly EPS of $0.45, beating estimates of $0.34, but revenue fell 10.8% year over year to $1.09 billion and the company posted a negative net margin.
• Insiders bought 14,000 shares worth about $367,880 over the past 90 days, while analyst sentiment remains mixed: the stock carries an average “Reduce” rating and a consensus price target of $43.25 versus its recent price of $27.28.

Hsbc Holdings PLC trimmed its holdings in Kemper Corporation (NYSE:KMPR - Free Report) by 64.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 76,725 shares of the insurance provider's stock after selling 137,461 shares during the period. Hsbc Holdings PLC owned approximately 0.13% of Kemper worth $2,093,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. State of Wyoming raised its position in Kemper by 4.7% in the second quarter. State of Wyoming now owns 4,431 shares of the insurance provider's stock valued at $286,000 after purchasing an additional 199 shares during the period. M&T Bank Corp lifted its stake in Kemper by 7.9% during the 2nd quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider's stock worth $314,000 after acquiring an additional 355 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Kemper by 27.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider's stock worth $115,000 after acquiring an additional 369 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Kemper by 24.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider's stock valued at $80,000 after acquiring an additional 389 shares during the period. Finally, Huntington National Bank boosted its holdings in Kemper by 187.1% during the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Kemper Stock Up 1.0%

KMPR stock opened at $27.28 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of -3.25 and a beta of 1.04. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper Corporation has a twelve month low of $22.69 and a twelve month high of $53.82. The company's 50 day moving average is $28.12 and its two-hundred day moving average is $28.98.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. Kemper's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Research analysts expect that Kemper Corporation will post 2.02 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a $0.32 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.7%. Kemper's dividend payout ratio is -15.24%.

Insiders Place Their Bets

In other Kemper news, CFO Bradley Camden bought 1,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $26.34 per share, for a total transaction of $26,340.00. Following the completion of the purchase, the chief financial officer owned 51,259 shares of the company's stock, valued at approximately $1,350,162.06. This represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jason Gorevic acquired 5,000 shares of the firm's stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $25.91 per share, with a total value of $129,550.00. Following the completion of the transaction, the director directly owned 31,802 shares in the company, valued at $823,989.82. This trade represents a 18.66% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 14,000 shares of company stock valued at $367,880. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMPR. TD Cowen dropped their price objective on shares of Kemper from $81.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, August 27th. UBS Group reduced their target price on shares of Kemper from $44.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Zacks Research raised shares of Kemper from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered Kemper from a "hold" rating to a "sell" rating in a research report on Saturday, August 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $43.25.

Kemper Company Profile

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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