Insider Buying: Kemper (NYSE:KMPR) CEO Acquires $79,500.00 in Stock

Kemper Corporation (NYSE:KMPR) CEO Stephen Mcanena bought 3,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the completion of the purchase, the chief executive officer owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. The trade was a 10.74% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Kemper Price Performance

KMPR opened at $27.38 on Friday. The stock has a 50-day moving average price of $27.52 and a 200-day moving average price of $30.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $1.61 billion, a PE ratio of -3.26 and a beta of 1.04. Kemper Corporation has a 1 year low of $22.69 and a 1 year high of $54.90.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. Kemper’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. Sell-side analysts predict that Kemper Corporation will post 1.97 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. Kemper’s dividend payout ratio is presently -15.24%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler decreased their price objective 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. UBS Group cut their target price on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $43.67.

Institutional Trading of Kemper

A number of large investors have recently made changes to their positions in KMPR. BlackRock Inc. purchased a new position in shares of Kemper during the second quarter valued at approximately $227,331,000. Walleye Capital LLC purchased a new stake in Kemper in the second quarter worth approximately $21,709,000. AQR Capital Management LLC boosted its holdings in Kemper by 40.1% in the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after purchasing an additional 795,131 shares during the last quarter. Millennium Management LLC grew its position in Kemper by 129.8% in the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock worth $57,512,000 after purchasing an additional 630,241 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Kemper in the 4th quarter worth approximately $24,324,000. 86.23% of the stock is currently owned by institutional investors.

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.