Kemper Corporation $KMPR Stock Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Kemper stake by 76.9% in the second quarter, selling 64,319 shares and retaining 19,350 shares valued at approximately $522,000. Other institutional investors, including BlackRock, Walleye Capital and Bank of America, established new positions, while institutions collectively own 86.23% of the stock.
• Analyst sentiment remains mixed, with two Buy, four Hold and three Sell ratings. Kemper has an average rating of “Reduce” and a consensus price target of $43.25, compared with shares trading near $25.
• Kemper reported quarterly EPS of $0.45, beating estimates, but revenue fell 10.8% year over year and the company posted a negative net margin. The insurer also maintains a quarterly dividend of $0.32 per share, a 5.1% indicated yield, while company insiders purchased shares recently.

Corient Private Wealth LP lessened its stake in Kemper Corporation (NYSE:KMPR - Free Report) by 76.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,350 shares of the insurance provider's stock after selling 64,319 shares during the quarter. Corient Private Wealth LP's holdings in Kemper were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KMPR. BlackRock Inc. acquired a new position in Kemper in the second quarter valued at approximately $227,331,000. Walleye Capital LLC acquired a new stake in shares of Kemper during the 2nd quarter worth approximately $21,709,000. Bank of America Corp DE acquired a new stake in shares of Kemper during the 2nd quarter worth approximately $20,800,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kemper by 5.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 672,685 shares of the insurance provider's stock valued at $20,557,000 after purchasing an additional 32,753 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Kemper in the first quarter valued at $18,074,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

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

Kemper Trading Down 2.6%

Shares of Kemper stock opened at $25.00 on Thursday. The stock has a market cap of $1.47 billion, a P/E ratio of -2.98 and a beta of 1.04. The stock's 50 day simple moving average is $27.52 and its 200-day simple moving average is $28.51. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $52.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17.

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

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $0.32 per share. The ex-dividend date was Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.1%. Kemper's dividend payout ratio (DPR) is currently -15.24%.

Insider Buying and Selling at Kemper

In other news, Director Jason Gorevic purchased 5,000 shares of Kemper stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $25.91 per share, with a total value of $129,550.00. Following the transaction, the director owned 31,802 shares in the company, valued at $823,989.82. This represents a 18.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bradley Camden acquired 1,000 shares of the firm's stock in a transaction that occurred on 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 acquisition, the chief financial officer directly owned 51,259 shares of the company's stock, valued at $1,350,162.06. The trade was a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 14,000 shares of company stock worth $367,880. Insiders own 0.61% of the company's stock.

Kemper Company Profile

Kemper Corporation is an insurance holding company headquartered in Chicago, Illinois. Through its operating subsidiaries, the company provides property and casualty insurance and life and health insurance products to individuals, families and businesses across the United States.

Kemper's property and casualty operations focus on personal automobile insurance, including coverage for drivers who may have difficulty obtaining insurance through standard carriers. The company also offers home, renters and other personal insurance products, as well as specialty insurance solutions distributed through independent agents and other channels.

Through Kemper Life, the company provides life insurance products designed primarily for individuals and families, including coverage intended to help with final expenses and other financial needs.

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