Kemper (NYSE:KMPR) CEO Stephen Mcanena Buys 3,000 Shares

Key Points

• Kemper CEO Stephen Mcanena bought 3,000 shares at an average price of $26.50, investing $79,500 and increasing his stake by 10.74% to 30,945 shares.
• Kemper’s latest quarterly results beat earnings expectations, with EPS of $0.45 versus the $0.34 consensus, but revenue fell 10.8% year over year to $1.09 billion and the company posted a negative net margin.
• The stock recently traded near $26.91 and carries a quarterly dividend of $0.32, or a 4.8% annualized yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and four Sell ratings among eight analysts.

Kemper Corporation (NYSE:KMPR - Get Free Report) CEO Stephen Mcanena purchased 3,000 shares of the stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the acquisition, the chief executive officer owned 30,945 shares of the company's stock, valued at $820,042.50. The trade was a 10.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kemper Stock Performance

Shares of NYSE KMPR traded up $0.40 during trading on Thursday, reaching $26.91. 815,148 shares of the company traded hands, compared to its average volume of 1,037,506. The firm's fifty day simple moving average is $27.41 and its 200 day simple moving average is $30.16. The stock has a market cap of $1.59 billion, a P/E ratio of -3.20 and a beta of 1.04. Kemper Corporation has a 12-month low of $22.69 and a 12-month high of $54.90. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. As a group, research analysts anticipate that Kemper Corporation will post 1.93 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, August 21st. Kemper's dividend payout ratio is currently -15.24%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of Kemper from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 13th. UBS Group decreased their price objective on shares of Kemper from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Monday. Piper Sandler dropped their target price on Kemper from $35.00 to $28.00 and set an "underweight" rating on the stock in a research report on Thursday, May 7th. Weiss Ratings cut Kemper from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised Kemper from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $43.67.

Institutional Investors Weigh In On Kemper

Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Kemper during the second quarter valued at approximately $275,000. Ieq Capital LLC acquired a new position in Kemper in the 2nd quarter valued at $831,000. Allworth Financial LP purchased a new position in Kemper in the 2nd quarter valued at $83,000. BlackRock Inc. acquired a new stake in Kemper during the 2nd quarter worth $227,331,000. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Kemper during the second quarter worth $202,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

About Kemper

Kemper Corporation NYSE: KMPR is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers' compensation and specialty property solutions tailored to small and mid-sized enterprises.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source