Kemper Co. (NYSE:KMPR) Director Acquires $30,855.00 in Stock

Kemper Co. (NYSE:KMPR - Get Free Report) Director Alberto J. Paracchini acquired 500 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average price of $61.71 per share, with a total value of $30,855.00. Following the completion of the acquisition, the director now owns 10,323 shares in the company, valued at approximately $637,032.33. The trade was a 5.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Kemper Trading Up 0.2%

Shares of Kemper stock traded up $0.11 during trading on Friday, reaching $63.95. 155,068 shares of the stock were exchanged, compared to its average volume of 387,925. The stock's fifty day moving average is $61.14 and its 200 day moving average is $64.70. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 13.02 and a beta of 1.30. Kemper Co. has a 1 year low of $53.57 and a 1 year high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last released its earnings results 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. As a group, equities research analysts expect that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, May 19th. Kemper's dividend payout ratio (DPR) is presently 23.93%.

Analyst Ratings Changes

A number of analysts have weighed in on KMPR shares. Piper Sandler dropped their target price on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kemper presently has a consensus rating of "Buy" and a consensus target price of $79.40.

Hedge Funds Weigh In On Kemper

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of Kemper by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock worth $36,080,000 after buying an additional 28,807 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Kemper by 54.0% during the fourth quarter. Nuveen Asset Management LLC now owns 237,813 shares of the insurance provider's stock valued at $15,800,000 after purchasing an additional 83,372 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Kemper by 27.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider's stock worth $380,000 after acquiring an additional 1,221 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Kemper by 52.0% during the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider's stock worth $242,000 after acquiring an additional 1,246 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Kemper by 10.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 371,144 shares of the insurance provider's stock worth $24,659,000 after buying an additional 36,004 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.