Kemper (NYSE:KMPR) Shares Down 6% – Here’s Why

Kemper Corporation (NYSE:KMPR) dropped 6% during trading on Monday . The stock traded as low as $25.82 and last traded at $25.78. Approximately 203,903 shares were traded during trading, a decline of 80% from the average session volume of 1,030,208 shares. The stock had previously closed at $27.42.

Analysts Set New Price Targets

Several research analysts have weighed in on KMPR shares. Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. UBS Group reduced their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Piper Sandler decreased their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. One 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. According to MarketBeat.com, Kemper currently has a consensus rating of “Reduce” and a consensus price target of $43.67.

Kemper Stock Down 0.3%

The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $27.59 and a two-hundred day simple moving average of $29.82. The firm has a market capitalization of $1.54 billion, a P/E ratio of -3.11 and a beta of 1.04.

Kemper (NYSE:KMPR) last released 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 firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Kemper had a negative net margin of 10.84% and a positive return on equity of 2.89%. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share. On average, equities analysts predict that Kemper Corporation will post 1.97 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently declared 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 is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.9%. Kemper’s dividend payout ratio (DPR) is currently -15.24%.

Insider Activity

In other news, Director Gerald Laderman acquired 4,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the transaction, the director directly owned 33,365 shares of the company’s stock, valued at approximately $883,838.85. The trade was a 13.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carl Thomas Jr. Evans purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $26.53 per share, for a total transaction of $26,530.00. Following the completion of the acquisition, the executive vice president directly owned 91,629 shares in the company, valued at $2,430,917.37. The trade was a 1.10% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 14,000 shares of company stock worth $367,880. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Kemper

Several hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its holdings in Kemper by 39.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,933 shares of the insurance provider’s stock valued at $330,000 after acquiring an additional 1,406 shares during the period. Goldman Sachs Group Inc. increased its stake in Kemper by 16.2% in the first quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock worth $37,288,000 after purchasing an additional 77,764 shares during the period. United Services Automobile Association purchased a new stake in Kemper in the first quarter worth $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kemper by 4.8% during the first 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 lifted its position in shares of Kemper by 112.7% during the first 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 currently owned by hedge funds and other 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.