Victory Capital Management Inc. Buys 75,164 Shares of Kemper Corporation (NYSE:KMPR)

Victory Capital Management Inc. grew its stake in Kemper Corporation (NYSE:KMPR - Free Report) by 17.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 500,385 shares of the insurance provider's stock after purchasing an additional 75,164 shares during the period. Victory Capital Management Inc. owned approximately 0.78% of Kemper worth $33,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CX Institutional purchased a new stake in shares of Kemper during the 1st quarter worth $38,000. UMB Bank n.a. grew its stake in shares of Kemper by 104.4% in the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 332 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of Kemper in the 1st quarter valued at about $44,000. True Wealth Design LLC raised its holdings in Kemper by 197.5% during the fourth quarter. True Wealth Design LLC now owns 717 shares of the insurance provider's stock worth $48,000 after purchasing an additional 476 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Kemper by 68.8% during the first quarter. Allworth Financial LP now owns 883 shares of the insurance provider's stock worth $59,000 after purchasing an additional 360 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMPR has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered shares of Kemper from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $79.40.

Insider Buying and Selling at Kemper

In other news, Director Alberto J. Paracchini bought 500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the acquisition, the director owned 10,323 shares in the company, valued at approximately $637,032.33. This represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Laderman purchased 2,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were acquired at an average cost of $62.24 per share, with a total value of $155,600.00. Following the acquisition, the director directly owned 21,635 shares in the company, valued at approximately $1,346,562.40. The trade was a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company's stock.

Kemper Stock Performance

Shares of Kemper stock traded up $0.97 during midday trading on Tuesday, hitting $62.17. The company had a trading volume of 601,067 shares, compared to its average volume of 421,808. The business's 50 day simple moving average is $63.24 and its two-hundred day simple moving average is $63.79. The stock has a market cap of $3.98 billion, a PE ratio of 11.62 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.22 and a quick ratio of 0.22. Kemper Corporation has a 1-year low of $53.57 and a 1-year high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.48 by $0.17. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. Kemper's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.06%. Kemper's dividend payout ratio (DPR) is presently 23.93%.

Kemper 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.