Thornburg Investment Management Inc. Sells 14,666 Shares of Kemper Corporation (NYSE:KMPR)

Key Points

• Thornburg Investment Management Inc. reduced its stake in Kemper Corporation by 7.2%, selling 14,666 shares and retaining 190,338 shares worth approximately $12.7 million as of its latest SEC filing.
• Kemper Corporation reported earnings of $1.65 per share for the last quarter, surpassing analyst estimates of $1.48, alongside a revenue of $1.19 billion, slightly below the expected $1.21 billion.
• The company announced a quarterly dividend of $0.32 per share, resulting in an annualized dividend payout of $1.28 and a yield of 2.14%.

Thornburg Investment Management Inc. decreased its position in Kemper Corporation (NYSE:KMPR - Free Report) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,338 shares of the insurance provider's stock after selling 14,666 shares during the quarter. Thornburg Investment Management Inc. owned 0.30% of Kemper worth $12,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in 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 buying an additional 52,290 shares during the last quarter. No Street GP LP lifted its position in Kemper by 5.3% in the 4th quarter. No Street GP LP now owns 1,100,000 shares of the insurance provider's stock worth $73,084,000 after buying an additional 55,000 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Kemper by 17.0% in the 4th quarter. Driehaus Capital Management LLC now owns 934,571 shares of the insurance provider's stock worth $62,093,000 after buying an additional 135,499 shares during the last quarter. AQR Capital Management LLC lifted its position in Kemper by 69.2% in the fourth quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock valued at $60,661,000 after purchasing an additional 374,798 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Kemper by 83.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 730,175 shares of the insurance provider's stock valued at $48,813,000 after purchasing an additional 331,770 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Insiders Place Their Bets

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

Kemper Stock Down 2.6%

Shares of NYSE KMPR traded down $1.59 during trading on Friday, reaching $60.00. The company had a trading volume of 644,748 shares, compared to its average volume of 495,542. 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 $3.84 billion, a PE ratio of 11.21 and a beta of 1.28. The business's 50-day moving average is $62.67 and its 200 day moving average is $63.58. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The company's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. As a group, equities analysts forecast that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, May 19th. Kemper's dividend payout ratio is presently 23.93%.

Analysts Set New Price Targets

Several brokerages have weighed in on KMPR. Wall Street Zen downgraded Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Piper Sandler reduced their price target on Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.