New South Capital Management Inc. Lowers Stock Position in Kemper Corporation (NYSE:KMPR)

New South Capital Management Inc. decreased its holdings in Kemper Corporation (NYSE:KMPR - Free Report) by 5.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 816,339 shares of the insurance provider's stock after selling 49,856 shares during the quarter. Kemper accounts for about 2.6% of New South Capital Management Inc.'s holdings, making the stock its 13th largest holding. New South Capital Management Inc. owned 1.28% of Kemper worth $54,572,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CX Institutional acquired a new stake in shares of Kemper in the first quarter valued at about $38,000. EverSource Wealth Advisors LLC lifted its stake in Kemper by 141.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after buying an additional 352 shares in the last quarter. UMB Bank n.a. boosted its holdings in Kemper by 104.4% in the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock worth $43,000 after buying an additional 332 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in Kemper during the 1st quarter worth approximately $44,000. Finally, True Wealth Design LLC raised its holdings in shares of Kemper by 197.5% during the fourth quarter. True Wealth Design LLC now owns 717 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Alberto J. Paracchini acquired 500 shares of Kemper stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average price 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 represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Laderman purchased 2,500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The stock was bought at an average cost of $62.24 per share, with a total value of $155,600.00. Following the completion of the transaction, the director owned 21,635 shares of the company's stock, valued at $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. 0.76% of the stock is currently owned by company insiders.

Kemper Stock Down 2.9%

KMPR stock traded down $1.87 during mid-day trading on Wednesday, reaching $62.87. The company had a trading volume of 909,119 shares, compared to its average volume of 406,046. The firm has a fifty day simple moving average of $62.78 and a 200 day simple moving average of $64.12. 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 company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 11.75 and a beta of 1.28. Kemper Corporation has a fifty-two week low of $53.57 and a fifty-two week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.17. Kemper had a net margin of 7.38% and a return on equity of 15.02%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company's revenue was up 4.4% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Monday, May 19th were paid a $0.32 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.04%. Kemper's dividend payout ratio is currently 23.93%.

Kemper Company 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.