Kemper Corporation $KMPR Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Kemper Corporation by 59.7%, purchasing an additional 7,255 shares, bringing its total holdings to 19,400 shares worth $1,297,000.
• Kemper recently announced a $0.32 quarterly dividend with a yield of 2.4%, reflecting a payout ratio of 24.11%.
• Wall Street analysts have mixed views on Kemper, with ratings varying from "strong buy" to "strong sell," and an average price target of $72.75.

Jump Financial LLC increased its stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 59.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,400 shares of the insurance provider's stock after acquiring an additional 7,255 shares during the quarter. Jump Financial LLC's holdings in Kemper were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC raised its stake in Kemper by 87.0% during the first quarter. GAMMA Investing LLC now owns 1,337 shares of the insurance provider's stock valued at $89,000 after buying an additional 622 shares during the last quarter. Cerity Partners LLC lifted its position in Kemper by 74.7% during the first quarter. Cerity Partners LLC now owns 35,334 shares of the insurance provider's stock valued at $2,362,000 after purchasing an additional 15,106 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Kemper in the first quarter valued at about $301,000. KBC Group NV lifted its position in shares of Kemper by 14.3% in the first quarter. KBC Group NV now owns 2,948 shares of the insurance provider's stock valued at $197,000 after acquiring an additional 369 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Kemper by 16.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,516 shares of the insurance provider's stock valued at $1,973,000 after acquiring an additional 4,258 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Insider Buying and Selling at Kemper

In other Kemper news, 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 owned 24,635 shares of the company's stock, valued at approximately $1,216,229.95. This represents a 13.87% 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 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 directly owned 22,072 shares of the company's stock, valued at approximately $1,084,618.08. The trade was a 9.96% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 8,000 shares of company stock worth $432,845 over the last 90 days. Corporate insiders own 0.76% of the company's stock.

Kemper Price Performance

KMPR traded up $0.60 during trading on Tuesday, reaching $54.25. The company's stock had a trading volume of 341,039 shares, compared to its average volume of 575,787. 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 firm has a fifty day simple moving average of $58.52 and a two-hundred day simple moving average of $61.56. Kemper Corporation has a 1 year low of $45.02 and a 1 year high of $73.01. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 10.20 and a beta of 1.30.

Kemper (NYSE:KMPR - Get Free Report) last released its 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). The business had revenue of $1.23 billion during 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 company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $1.42 earnings per share. As a group, analysts anticipate that Kemper Corporation will post 6.03 EPS for the current year.

Kemper declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 12.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Kemper Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KMPR shares. Cowen reissued a "buy" rating on shares of Kemper in a research note on Thursday, August 7th. Piper Sandler reissued an "underweight" rating and issued a $50.00 price objective (down previously from $75.00) on shares of Kemper in a research note on Wednesday, August 6th. Zacks Research upgraded Kemper to a "strong sell" rating in a report on Monday, August 11th. Wall Street Zen lowered Kemper from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JMP Securities decreased their price objective on 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 assigned a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $72.75.

About Kemper

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.