Gerald Laderman Buys 3,000 Shares of Kemper Corporation (NYSE:KMPR) Stock

Key Points

• Gerald Laderman, a director at Kemper Corporation, purchased 3,000 shares of the stock on August 7th at an average price of $49.37, increasing his total ownership to 24,635 shares.
• Kemper's stock reported earnings of $1.30 per share for the last quarter, missing analyst expectations and representing an 8.5% revenue increase year-over-year.
• The company announced a $500 million stock repurchase plan on August 5th, indicating management's belief that the shares are undervalued.

Kemper Corporation (NYSE:KMPR - Get Free Report) Director Gerald Laderman acquired 3,000 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $49.37 per share, for a total transaction of $148,110.00. Following the transaction, the director directly owned 24,635 shares in the company, valued at approximately $1,216,229.95. This represents a 13.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gerald Laderman also recently made the following trade(s):

• On Tuesday, June 10th, Gerald Laderman acquired 2,500 shares of Kemper stock. The shares were acquired at an average price of $62.24 per share, for a total transaction of $155,600.00.

Kemper Stock Performance

Shares of KMPR traded up $2.14 on Thursday, reaching $50.56. 2,604,518 shares of the company's stock traded hands, compared to its average volume of 541,579. The stock's 50 day simple moving average is $62.29 and its two-hundred day simple moving average is $63.36. The stock has a market cap of $3.24 billion, a PE ratio of 9.52 and a beta of 1.27. Kemper Corporation has a 52-week low of $45.02 and a 52-week high of $73.01. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. Kemper had a net margin of 7.18% and a return on equity of 14.55%. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 earnings per share. On average, analysts forecast that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the insurance provider to purchase up to 12.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.32 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.28 annualized dividend and a yield of 2.5%. Kemper's dividend payout ratio is presently 23.93%.

Analyst Upgrades and Downgrades

KMPR has been the subject of a number of recent research reports. JMP Securities decreased their price objective on Kemper from $85.00 to $75.00 and set a "market outperform" rating for the company in a report on Wednesday. Cowen reaffirmed a "buy" rating on shares of Kemper in a research report on Thursday. Piper Sandler reissued an "underweight" rating and issued a $50.00 price target (down from $75.00) on shares of Kemper in a research report on Wednesday. Finally, Wall Street Zen cut Kemper from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Kemper has a consensus rating of "Moderate Buy" and an average target price of $72.40.

Institutional Trading of Kemper

Large investors have recently bought and sold shares of the company. CX Institutional purchased a new position in Kemper in the 1st quarter valued at approximately $38,000. UMB Bank n.a. lifted its holdings in Kemper by 104.4% during the 1st quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock worth $43,000 after purchasing an additional 332 shares in the last quarter. CENTRAL TRUST Co purchased a new position in Kemper during the 1st quarter valued at about $44,000. Bayforest Capital Ltd bought a new stake in shares of Kemper during the first quarter valued at about $44,000. Finally, IFP Advisors Inc lifted its stake in Kemper by 651.6% in the 2nd quarter. IFP Advisors Inc now owns 699 shares of the insurance provider's stock worth $45,000 after purchasing an additional 606 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

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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