Kemper (NYSE:KMPR) Director Gerald Laderman Buys 4,000 Shares

Key Points

• Kemper director Gerald Laderman purchased 4,000 shares at an average price of $26.49, investing $105,960 and increasing his ownership to 33,365 shares.
• Kemper’s stock fell 0.7% to $26.21, while the insurer reported quarterly EPS of $0.45, beating estimates, despite revenue declining 10.8% year over year to $1.09 billion.
• The company declared a quarterly dividend of $0.32, equivalent to an annualized yield of about 4.9%; analysts’ consensus rating remains “Reduce,” with an average price target of $43.67.

Kemper Corporation (NYSE:KMPR - Get Free Report) Director Gerald Laderman purchased 4,000 shares of Kemper stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the transaction, the director owned 33,365 shares of the company's stock, valued at approximately $883,838.85. This represents a 13.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kemper Trading Down 0.7%

NYSE:KMPR traded down $0.18 on Tuesday, reaching $26.21. The company's stock had a trading volume of 812,287 shares, compared to its average volume of 1,039,576. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $54.90. The business's 50-day moving average price is $27.29 and its two-hundred day moving average price is $30.33. The firm has a market cap of $1.54 billion, a PE ratio of -3.12 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17.

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

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a yield of 4.9%. Kemper's dividend payout ratio (DPR) is -15.24%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Kemper from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings downgraded shares of Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday. UBS Group reduced their price target on Kemper from $44.00 to $43.00 and set a "buy" rating for the company in a report on Monday. Piper Sandler lowered their price target on Kemper from $35.00 to $28.00 and set an "underweight" rating on the stock in a research report on Thursday, May 7th. Finally, Zacks Research lowered Kemper from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $43.67.

Institutional Investors Weigh In On Kemper

Several hedge funds have recently bought and sold shares of KMPR. Allworth Financial LP acquired a new position in shares of Kemper in the second quarter valued at approximately $83,000. BlackRock Inc. bought a new stake in Kemper in the 2nd quarter valued at $227,331,000. Pallas Capital Advisors LLC acquired a new position in Kemper in the 2nd quarter valued at $202,000. Deutsche Bank AG bought a new position in Kemper during the 2nd quarter worth $1,747,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Kemper during the second quarter worth $13,896,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Company Profile

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.

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