Redwood Investment Management LLC Invests $2.14 Million in Kemper Corporation $KMPR

Key Points

• Redwood Investment Management acquired 79,393 Kemper shares worth approximately $2.14 million, giving it a 0.13% stake. Institutional investors and hedge funds collectively own 86.23% of KMPR.
• Analyst sentiment remains cautious: Kemper has an average “Reduce” rating and a consensus price target of $43.67, despite UBS maintaining a “Buy” rating and Wall Street Zen and Zacks upgrading the stock to “Hold.”
• Kemper beat quarterly EPS estimates with $0.45 versus $0.34 expected, but revenue fell 10.8% year over year to $1.09 billion. The company declared a $0.32 quarterly dividend, representing a 4.5% annualized yield.

Redwood Investment Management LLC acquired a new stake in shares of Kemper Corporation (NYSE:KMPR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 79,393 shares of the insurance provider's stock, valued at approximately $2,140,000. Redwood Investment Management LLC owned 0.13% of Kemper at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KMPR. BlackRock Inc. bought a new position in Kemper in the second quarter worth $227,331,000. Walleye Capital LLC bought a new stake in Kemper in the 2nd quarter valued at $21,709,000. AQR Capital Management LLC raised its stake in shares of Kemper by 40.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider's stock valued at $143,323,000 after buying an additional 795,131 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Kemper in the 2nd quarter valued at $20,800,000. Finally, Millennium Management LLC lifted its holdings in shares of Kemper by 129.8% during the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider's stock worth $57,512,000 after acquiring an additional 630,241 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on KMPR shares. Piper Sandler lowered their target price on shares of Kemper from $35.00 to $28.00 and set an "underweight" rating on the stock in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Kemper from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research raised Kemper from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. UBS Group lowered their price objective on Kemper from $44.00 to $43.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings cut Kemper from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $43.67.

Kemper Stock Up 1.8%

Shares of KMPR opened at $28.28 on Thursday. The company has a market capitalization of $1.67 billion, a P/E ratio of -3.37 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. Kemper Corporation has a one year low of $22.69 and a one year high of $54.64. The business's 50 day simple moving average is $27.87 and its 200-day simple moving average is $29.38.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The business's revenue was down 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. As a group, sell-side analysts predict that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, August 21st. Kemper's payout ratio is currently -15.24%.

Insiders Place Their Bets

In related news, CEO Stephen J. Mcanena acquired 3,000 shares of the stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $26.50 per share, for a total transaction of $79,500.00. Following the transaction, the chief executive officer owned 30,945 shares of the company's stock, valued at $820,042.50. The trade was a 10.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carl Thomas Jr. Evans bought 1,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $26.53 per share, for a total transaction of $26,530.00. Following the completion of the transaction, the executive vice president directly owned 91,629 shares of the company's stock, valued at $2,430,917.37. This represents a 1.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 14,000 shares of company stock valued at $367,880 over the last three months. Company insiders own 0.61% of the company's stock.

Kemper Profile

Kemper Corporation NYSE: KMPR is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers' compensation and specialty property solutions tailored to small and mid-sized enterprises.

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