Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Kemper Corporation (NYSE:KMPR)

Wealth Enhancement Advisory Services LLC raised its stake in Kemper Corporation (NYSE:KMPR - Free Report) by 16.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,516 shares of the insurance provider's stock after purchasing an additional 4,258 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kemper were worth $1,973,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. CX Institutional purchased a new position in Kemper in the first quarter valued at approximately $38,000. GAMMA Investing LLC increased its stake in Kemper by 87.0% in the first quarter. GAMMA Investing LLC now owns 1,337 shares of the insurance provider's stock valued at $89,000 after purchasing an additional 622 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Kemper by 16.7% in the first quarter. Harbor Capital Advisors Inc. now owns 79,464 shares of the insurance provider's stock valued at $5,312,000 after purchasing an additional 11,391 shares during the last quarter. Pallas Capital Advisors LLC grew its position in shares of Kemper by 86.4% during the first quarter. Pallas Capital Advisors LLC now owns 10,113 shares of the insurance provider's stock worth $676,000 after acquiring an additional 4,687 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Kemper by 104.4% during the first quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock worth $43,000 after acquiring an additional 332 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler lowered their target price 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. Wall Street Zen lowered shares of Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Kemper has a consensus rating of "Buy" and a consensus target price of $79.40.

Insider Buying and Selling

In other news, Director Alberto J. Paracchini acquired 500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the purchase, the director now directly owns 10,323 shares of the company's stock, valued at $637,032.33. This trade represents a 5.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gerald Laderman bought 2,500 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was bought at an average cost of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the transaction, the director now directly owns 21,635 shares of the company's stock, valued at $1,346,562.40. This trade represents a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company's stock.

Kemper Price Performance

Shares of NYSE KMPR opened at $64.03 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a fifty day moving average price of $62.42 and a 200 day moving average price of $64.13. Kemper Corporation has a 1-year low of $53.57 and a 1-year high of $73.01. The company has a market cap of $4.10 billion, a PE ratio of 11.97 and a beta of 1.30.

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

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Monday, May 19th. Kemper's dividend payout ratio is currently 23.93%.

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.

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