Kemper Corporation $KMPR Shares Sold by Cwm LLC

Key Points

• Cwm LLC cut its stake in Kemper by 67.3%, selling 44,655 shares in the fourth quarter and leaving 21,706 shares worth about $880,000 at quarter end.
• Analyst sentiment is weak with a consensus rating of "Reduce" and an average price target of $54.50, following several recent downgrades from firms including Wall Street Zen and Citigroup.
• Kemper missed quarterly expectations, reporting $0.25 EPS vs. $0.85 expected and revenue of $1.13B (down 4.7% YoY), while it pays a $0.32 quarterly dividend (about a 3.8% yield).

Cwm LLC reduced its position in Kemper Corporation (NYSE:KMPR - Free Report) by 67.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,706 shares of the insurance provider's stock after selling 44,655 shares during the quarter. Cwm LLC's holdings in Kemper were worth $880,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Kemper by 11,455.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 1,031 shares during the last quarter. Assetmark Inc. raised its stake in Kemper by 14,600.0% in the 4th quarter. Assetmark Inc. now owns 5,586 shares of the insurance provider's stock valued at $226,000 after purchasing an additional 5,548 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Kemper by 32.0% in the 4th quarter. State of Alaska Department of Revenue now owns 78,885 shares of the insurance provider's stock valued at $3,196,000 after purchasing an additional 19,135 shares during the last quarter. Choreo LLC raised its stake in Kemper by 20.2% in the 4th quarter. Choreo LLC now owns 8,667 shares of the insurance provider's stock valued at $354,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Signaturefd LLC acquired a new position in Kemper in the 4th quarter valued at $32,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMPR has been the subject of several recent research reports. Wall Street Zen downgraded Kemper from a "hold" rating to a "sell" rating in a research note on Saturday, February 14th. Citigroup cut Kemper to a "market perform" rating in a report on Thursday, February 5th. Citizens Jmp cut Kemper from an "outperform" rating to a "market perform" rating in a report on Thursday, February 5th. UBS Group dropped their target price on Kemper from $56.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 8th. Finally, Zacks Research upgraded Kemper from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $54.50.

Kemper Stock Up 1.4%

Shares of NYSE:KMPR opened at $33.61 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $31.41 and a two-hundred day moving average of $37.07. The stock has a market cap of $1.98 billion, a P/E ratio of 15.35 and a beta of 1.14. Kemper Corporation has a 52-week low of $28.41 and a 52-week high of $66.13.

Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.60). The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.22 billion. Kemper had a net margin of 2.99% and a return on equity of 8.02%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 earnings per share. On average, research analysts expect that Kemper Corporation will post 3.96 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.8%. Kemper's dividend payout ratio is currently 58.45%.

About Kemper

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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