Universal Beteiligungs und Servicegesellschaft mbH Sells 10,232 Shares of Kemper Corporation (NYSE:KMPR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 10,232 shares, reducing its stake in Kemper Corporation by 12.6% and owning approximately 0.11% of the company, valued at $4.74 million.
• Kemper Corporation reported a Q1 EPS of $1.65, exceeding analyst expectations of $1.48, while revenue was slightly below estimates at $1.19 billion.
• The company recently declared a quarterly dividend of $0.32, which translates to an annualized yield of 2.12% and a payout ratio of 23.93%.

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Kemper Corporation (NYSE:KMPR - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,838 shares of the insurance provider's stock after selling 10,232 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Kemper worth $4,736,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in Kemper by 4.2% in the 4th quarter. HighTower Advisors LLC now owns 9,342 shares of the insurance provider's stock valued at $621,000 after purchasing an additional 375 shares during the period. American Century Companies Inc. grew its stake in Kemper by 2.5% in the 4th quarter. American Century Companies Inc. now owns 13,551 shares of the insurance provider's stock valued at $900,000 after purchasing an additional 334 shares during the period. KLP Kapitalforvaltning AS bought a new position in Kemper in the 4th quarter valued at $844,000. LPL Financial LLC grew its stake in Kemper by 16.2% in the 4th quarter. LPL Financial LLC now owns 11,147 shares of the insurance provider's stock valued at $741,000 after purchasing an additional 1,556 shares during the period. Finally, Norges Bank bought a new position in Kemper in the 4th quarter valued at $14,016,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Price Performance

NYSE KMPR traded up $1.62 during trading on Thursday, reaching $62.11. The company's stock had a trading volume of 134,992 shares, compared to its average volume of 490,839. The stock has a market capitalization of $3.97 billion, a PE ratio of 11.60 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. The firm has a fifty day moving average of $62.68 and a 200 day moving average of $63.59. Kemper Corporation has a one year low of $53.57 and a one year high of $73.01.

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

Kemper Announces Dividend

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

Insider Activity

In other news, Director Alberto J. Paracchini acquired 500 shares of Kemper stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the transaction, the director owned 10,323 shares of the company's stock, valued at $637,032.33. This trade represents a 5.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gerald Laderman acquired 2,500 shares of Kemper stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average price of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KMPR has been the subject of a number of recent analyst reports. Piper Sandler reduced their price objective on Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen cut Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $79.40.

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.