Kemper Co. (NYSE:KMPR) Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC boosted its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 86.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,113 shares of the insurance provider's stock after purchasing an additional 4,687 shares during the period. Pallas Capital Advisors LLC's holdings in Kemper were worth $676,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Kemper by 0.4% in the 4th quarter. Rhumbline Advisers now owns 169,922 shares of the insurance provider's stock valued at $11,290,000 after acquiring an additional 617 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Kemper by 13.8% in the 4th quarter. Sanctuary Advisors LLC now owns 5,169 shares of the insurance provider's stock valued at $352,000 after acquiring an additional 626 shares during the period. BKM Wealth Management LLC purchased a new position in shares of Kemper in the 4th quarter valued at $202,000. Ieq Capital LLC purchased a new position in shares of Kemper in the 4th quarter valued at $3,606,000. Finally, Handelsbanken Fonder AB raised its stake in shares of Kemper by 13.2% in the 4th quarter. Handelsbanken Fonder AB now owns 11,973 shares of the insurance provider's stock valued at $795,000 after acquiring an additional 1,400 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Insiders Place Their Bets

In other Kemper news, Director Alberto J. Paracchini purchased 500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average cost of $61.71 per share, with a total value of $30,855.00. Following the acquisition, the director now owns 10,323 shares of the company's stock, valued at approximately $637,032.33. This represents a 5.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Laderman purchased 2,500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average cost of $62.24 per share, with a total value of $155,600.00. Following the completion of the acquisition, the director now directly owns 21,635 shares in the company, valued at approximately $1,346,562.40. This trade represents a 13.07% increase in their position. The disclosure for this purchase can be found here. 6.20% of the stock is owned by company insiders.

Kemper Stock Down 1.3%

KMPR traded down $0.84 during trading hours on Friday, reaching $63.00. 578,280 shares of the stock traded hands, compared to its average volume of 390,971. The firm's fifty day simple moving average is $61.27 and its two-hundred day simple moving average is $64.59. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 12.83 and a beta of 1.30. Kemper Co. has a fifty-two week low of $53.57 and a fifty-two week high of $73.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The business's revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. As a group, analysts forecast that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, May 19th. Kemper's dividend payout ratio is currently 23.93%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMPR. Piper Sandler cut their target price on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research note 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 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 an average target price 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.