New South Capital Management Inc. Trims Holdings in Kemper Corporation (NYSE:KMPR)

New South Capital Management Inc. lowered its stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 816,339 shares of the insurance provider's stock after selling 49,856 shares during the quarter. Kemper accounts for 2.6% of New South Capital Management Inc.'s investment portfolio, making the stock its 13th biggest position. New South Capital Management Inc. owned 1.28% of Kemper worth $54,572,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KMPR. Ameriprise Financial Inc. lifted its holdings in shares of Kemper by 4.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider's stock worth $82,271,000 after acquiring an additional 52,290 shares during the last quarter. Boston Partners lifted its stake in Kemper by 108.2% in the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock worth $73,363,000 after purchasing an additional 574,730 shares during the last quarter. No Street GP LP boosted its position in Kemper by 5.3% during the fourth quarter. No Street GP LP now owns 1,100,000 shares of the insurance provider's stock valued at $73,084,000 after buying an additional 55,000 shares during the period. Driehaus Capital Management LLC grew its stake in shares of Kemper by 17.0% during the fourth quarter. Driehaus Capital Management LLC now owns 934,571 shares of the insurance provider's stock valued at $62,093,000 after buying an additional 135,499 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Kemper by 69.2% in the fourth quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock worth $60,661,000 after buying an additional 374,798 shares during the period. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

KMPR has been the subject of several analyst reports. Wall Street Zen cut Kemper from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Piper Sandler dropped 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kemper has an average rating of "Buy" and an average target price of $79.40.

Kemper Trading Up 1.2%

Shares of NYSE KMPR traded up $0.73 during trading hours on Friday, hitting $63.58. The company's stock had a trading volume of 725,105 shares, compared to its average volume of 410,319. Kemper Corporation has a 12 month low of $53.57 and a 12 month high of $73.01. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 11.88 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.22 and a current ratio of 0.22. The business has a 50-day simple moving average of $63.07 and a 200-day simple moving average of $64.06.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the business posted $1.07 EPS. The business's revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, May 19th. Kemper's dividend payout ratio (DPR) is currently 23.93%.

Insider Buying and Selling at Kemper

In related news, Director Gerald Laderman bought 2,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average cost of $62.24 per share, with a total value of $155,600.00. Following the transaction, the director owned 21,635 shares in the company, valued at approximately $1,346,562.40. This trade represents a 13.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alberto J. Paracchini purchased 500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of $61.71 per share, for a total transaction of $30,855.00. Following the transaction, the director directly 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 disclosure for this purchase can be found here. Insiders own 6.20% of the company's stock.

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.