Hsbc Holdings PLC Reduces Stake in Kemper Corporation $KMPR

Hsbc Holdings PLC reduced its position in shares of Kemper Corporation (NYSE:KMPR) by 65.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,769 shares of the insurance provider’s stock after selling 20,023 shares during the quarter. Hsbc Holdings PLC’s holdings in Kemper were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KMPR. Integrated Wealth Concepts LLC increased its stake in Kemper by 39.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock worth $330,000 after acquiring an additional 1,406 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kemper by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after purchasing an additional 77,764 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Kemper during the 1st quarter worth $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Kemper by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 198,248 shares of the insurance provider’s stock worth $13,253,000 after purchasing an additional 9,008 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Kemper by 112.7% during the 1st quarter. Jane Street Group LLC now owns 10,516 shares of the insurance provider’s stock worth $703,000 after purchasing an additional 5,573 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Performance

Shares of KMPR opened at $27.98 on Friday. Kemper Corporation has a 1 year low of $22.69 and a 1 year high of $62.47. The stock has a market capitalization of $1.65 billion, a PE ratio of 45.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a 50-day simple moving average of $27.23 and a 200-day simple moving average of $31.59.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. On average, analysts predict that Kemper Corporation will post 1.94 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, May 18th. Kemper’s dividend payout ratio (DPR) is currently 206.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research report on Friday, June 12th. Finally, Piper Sandler dropped their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Kemper currently has a consensus rating of “Reduce” and a consensus price target of $51.75.

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.