XTX Topco Ltd Invests $718,000 in Kemper Corporation (NYSE:KMPR)

Key Points

• XTX Topco Ltd invested approximately $718,000 in Kemper Corporation by purchasing 10,743 shares in the first quarter.
• Kemper's stock currently holds a consensus rating of "Buy" among Wall Street analysts, with a price target average of $79.40.
• The company recently announced a quarterly dividend of $0.32 per share, reflecting an annualized dividend yield of 2.1%.

XTX Topco Ltd purchased a new position in shares of Kemper Corporation (NYSE:KMPR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,743 shares of the insurance provider's stock, valued at approximately $718,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Treasurer of the State of North Carolina lifted its position in Kemper by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,630 shares of the insurance provider's stock valued at $1,769,000 after acquiring an additional 160 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Kemper by 2.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider's stock valued at $547,000 after acquiring an additional 206 shares in the last quarter. Federated Hermes Inc. lifted its position in Kemper by 4.8% in the 1st quarter. Federated Hermes Inc. now owns 5,688 shares of the insurance provider's stock valued at $380,000 after acquiring an additional 263 shares in the last quarter. UMB Bank n.a. lifted its position in Kemper by 104.4% in the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 332 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Kemper by 2.5% in the 4th quarter. American Century Companies Inc. now owns 13,551 shares of the insurance provider's stock valued at $900,000 after acquiring an additional 334 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KMPR has been the topic of several research reports. Piper Sandler cut their price objective 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 note 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 currently has a consensus rating of "Buy" and an average target price of $79.40.

Kemper Stock Up 1.5%

Kemper stock opened at $60.94 on Tuesday. The firm has a market capitalization of $3.90 billion, a PE ratio of 11.39 and a beta of 1.27. The company's 50-day moving average is $62.62 and its 200-day moving average is $63.48. Kemper Corporation 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 0.32, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR - Get Free Report) last released 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. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a net margin of 7.38% and a return on equity of 15.02%. Kemper's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. Sell-side analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. Kemper's payout ratio is presently 23.93%.

Insider Activity

In related news, Director Alberto J. Paracchini bought 500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average price of $61.71 per share, with a total value of $30,855.00. Following the acquisition, the director owned 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Laderman bought 2,500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average cost of $62.24 per share, with a total value of $155,600.00. Following the acquisition, the director directly owned 21,635 shares in the company, valued at $1,346,562.40. This trade represents a 13.07% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.76% of the company's stock.

Kemper 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.

Want to see what other hedge funds are holding KMPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kemper Corporation (NYSE:KMPR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.