Dynamic Technology Lab Private Ltd Boosts Stock Holdings in Kemper Corporation $KMPR

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Kemper Corporation by 543.3%, acquiring 21,800 shares valued at approximately $1.46 million.
• Insiders, including directors, have been actively buying shares of Kemper, with 8,000 shares acquired in the last three months, indicating confidence in the company.
• Kemper recently declared a quarterly dividend of $0.32 per share and authorized a stock repurchase program of up to $500 million, reflecting the board's belief in the stock's undervaluation.

Dynamic Technology Lab Private Ltd grew its holdings in Kemper Corporation (NYSE:KMPR - Free Report) by 543.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,800 shares of the insurance provider's stock after acquiring an additional 18,411 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Kemper were worth $1,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. CX Institutional acquired a new position in shares of Kemper in the first quarter worth $38,000. UMB Bank n.a. grew its stake in shares of Kemper by 104.4% in the first quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock worth $43,000 after acquiring an additional 332 shares in the last quarter. CENTRAL TRUST Co acquired a new position in shares of Kemper in the first quarter worth $44,000. Bayforest Capital Ltd acquired a new position in shares of Kemper in the first quarter worth $44,000. Finally, True Wealth Design LLC grew its stake in shares of Kemper by 197.5% in the fourth quarter. True Wealth Design LLC now owns 717 shares of the insurance provider's stock worth $48,000 after acquiring an additional 476 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Kemper

In other Kemper news, Director Jason N. Gorevic bought 2,000 shares of Kemper stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $49.14 per share, with a total value of $98,280.00. Following the completion of the acquisition, the director owned 22,072 shares of the company's stock, valued at approximately $1,084,618.08. This represents a 9.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Laderman bought 3,000 shares of Kemper stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $49.37 per share, with a total value of $148,110.00. Following the completion of the acquisition, the director directly owned 24,635 shares of the company's stock, valued at approximately $1,216,229.95. The trade was a 13.87% increase in their position. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by corporate insiders.

Kemper Stock Performance

KMPR traded down $0.21 on Friday, reaching $53.38. The company had a trading volume of 691,953 shares, compared to its average volume of 730,276. Kemper Corporation has a 1 year low of $45.02 and a 1 year high of $73.01. The stock has a market capitalization of $3.35 billion, a PE ratio of 10.05 and a beta of 1.30. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $56.68 and a 200-day moving average price of $60.85.

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

Kemper Announces Dividend

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

Kemper declared that its board has initiated a stock repurchase program on Tuesday, August 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the insurance provider to purchase up to 12.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

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.