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Kemper Corporation (NYSE:KMPR) Director Acquires $98,280.00 in Stock

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Key Points

  • Kemper Corporation Director Jason N. Gorevic purchased 2,000 shares at an average price of $49.14, increasing his stake in the company by 9.96%.
  • The company recently initiated a $500 million share repurchase plan, indicating a belief by the board that its shares are currently undervalued.
  • Kemper announced a quarterly dividend of $0.32 per share, with the ex-dividend date set for August 18th, offering a 2.6% dividend yield.
  • Looking to Export and Analyze Kemper Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Kemper Corporation (NYSE:KMPR - Get Free Report) Director Jason N. Gorevic bought 2,000 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $49.14 per share, with a total value of $98,280.00. Following the purchase, the director directly owned 22,072 shares of the company's stock, valued at approximately $1,084,618.08. This represents a 9.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kemper Price Performance

NYSE KMPR traded down $0.37 during trading hours on Friday, hitting $50.25. 1,345,776 shares of the company's stock traded hands, compared to its average volume of 920,756. Kemper Corporation has a 52-week low of $45.02 and a 52-week high of $73.01. The company has a market capitalization of $3.15 billion, a PE ratio of 9.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.21. The firm's 50-day moving average is $61.76 and its 200-day moving average is $63.13.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data 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). Kemper had a net margin of 7.18% and a return on equity of 14.39%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company posted $1.42 EPS. The firm's revenue was up 8.5% on a year-over-year basis. Equities analysts forecast that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, August 18th. Kemper's payout ratio is presently 24.11%.

Kemper declared that its board has authorized a stock repurchase plan on Tuesday, August 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the insurance provider to purchase up to 12.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMPR. JMP Securities cut their target price on shares of Kemper from $85.00 to $75.00 and set a "market outperform" rating for the company in a research note on Wednesday. Piper Sandler reissued an "underweight" rating and set a $50.00 target price (down previously from $75.00) on shares of Kemper in a research note on Wednesday. Cowen reissued a "buy" rating on shares of Kemper in a research note on Thursday. Finally, Wall Street Zen cut shares of Kemper from a "strong-buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $72.40.

Read Our Latest Analysis on Kemper

Hedge Funds Weigh In On Kemper

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new position in Kemper in the 2nd quarter valued at about $3,194,000. Intech Investment Management LLC boosted its holdings in Kemper by 163.5% in the 2nd quarter. Intech Investment Management LLC now owns 42,067 shares of the insurance provider's stock valued at $2,715,000 after purchasing an additional 26,100 shares during the last quarter. Creative Planning acquired a new position in Kemper in the 2nd quarter valued at about $273,000. SG Americas Securities LLC boosted its holdings in Kemper by 98.8% in the 2nd quarter. SG Americas Securities LLC now owns 7,475 shares of the insurance provider's stock valued at $482,000 after purchasing an additional 3,715 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Kemper by 7.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,456 shares of the insurance provider's stock valued at $998,000 after purchasing an additional 1,098 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Company Profile

(Get Free Report)

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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