Pallas Capital Advisors LLC Buys 4,687 Shares of Kemper Co. (NYSE:KMPR)

Pallas Capital Advisors LLC raised 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 13F filing with the SEC. The fund owned 10,113 shares of the insurance provider's stock after buying an additional 4,687 shares during the quarter. Pallas Capital Advisors LLC's holdings in Kemper were worth $676,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KMPR. Rhumbline Advisers lifted its stake in shares of Kemper by 0.4% during the 4th quarter. Rhumbline Advisers now owns 169,922 shares of the insurance provider's stock worth $11,290,000 after purchasing an additional 617 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Kemper by 13.8% during the fourth 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 in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Kemper during the fourth quarter valued at about $202,000. Ieq Capital LLC acquired a new stake in shares of Kemper during the fourth quarter valued at about $3,606,000. Finally, Handelsbanken Fonder AB grew its stake in Kemper by 13.2% in the fourth quarter. Handelsbanken Fonder AB now owns 11,973 shares of the insurance provider's stock worth $795,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Insider Activity

In other Kemper news, Director Gerald Laderman acquired 2,500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average price of $62.24 per share, with a total value of $155,600.00. Following the purchase, the director now owns 21,635 shares in the company, valued at approximately $1,346,562.40. This trade represents a 13.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alberto J. Paracchini bought 500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were purchased at an average cost of $61.71 per share, with a total value of $30,855.00. Following the transaction, the director now owns 10,323 shares in the company, valued at approximately $637,032.33. The trade was a 5.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by corporate insiders.

Kemper Price Performance

Kemper stock traded down $0.84 during mid-day trading on Friday, hitting $63.00. The company's stock had a trading volume of 578,280 shares, compared to its average volume of 390,971. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $4.03 billion, a P/E ratio of 12.83 and a beta of 1.30. Kemper Co. has a twelve month low of $53.57 and a twelve month high of $73.01. The stock's fifty day moving average price is $61.27 and its two-hundred day moving average price is $64.55.

Kemper (NYSE:KMPR - Get Free Report) last posted 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 net margin of 6.85% and a return on equity of 14.11%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the company posted $1.07 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

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

Analysts Set New Price Targets

KMPR has been the subject of a number of research reports. Piper Sandler decreased their price target 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 report on Friday, June 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $79.40.

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.