Kemper Corporation $KMPR Shares Acquired by Dynamic Technology Lab Private Ltd

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 raised its stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 543.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

Other institutional investors have also made changes to their positions in the company. CX Institutional acquired a new stake in shares of Kemper during the first quarter valued at about $38,000. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 332 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Kemper during the first quarter valued at about $44,000. Bayforest Capital Ltd acquired a new stake in shares of Kemper during the first quarter valued at about $44,000. Finally, True Wealth Design LLC increased its position in shares of Kemper by 197.5% during the fourth quarter. True Wealth Design LLC now owns 717 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 476 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kemper

In other Kemper news, Director Jason N. Gorevic purchased 2,000 shares of Kemper stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $49.14 per share, for a total transaction of $98,280.00. Following the transaction, the director directly owned 22,072 shares in the company, valued at $1,084,618.08. This trade represents a 9.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerald Laderman purchased 3,000 shares of Kemper stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price 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 $1,216,229.95. The trade was a 13.87% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMPR has been the subject of a number of research reports. Cowen restated a "buy" rating on shares of Kemper in a report on Thursday, August 7th. Zacks Research upgraded shares of Kemper to a "strong sell" rating in a report on Monday, August 11th. Wall Street Zen cut shares of Kemper from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Piper Sandler restated an "underweight" rating and issued a $50.00 price objective (down previously from $75.00) on shares of Kemper in a report on Wednesday, August 6th. Finally, JMP Securities dropped their price objective on shares of Kemper from $85.00 to $75.00 and set a "market outperform" rating for the company in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kemper presently has an average rating of "Moderate Buy" and an average price target of $72.75.

Kemper Stock Down 0.4%

Kemper stock traded down $0.21 during trading on Friday, reaching $53.38. The stock had a trading volume of 691,953 shares, compared to its average volume of 730,276. The stock has a market cap 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. Kemper Corporation has a 52-week low of $45.02 and a 52-week high of $73.01. The business has a 50 day moving average price of $56.68 and a 200 day moving average price of $60.88.

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

Kemper announced that its board has approved a stock repurchase plan on Tuesday, August 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the insurance provider to reacquire up to 12.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, August 18th. Kemper's payout ratio is currently 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.