Walleye Capital LLC Buys 164,315 Shares of Kemper Corporation $KMPR

Walleye Capital LLC boosted its stake in shares of Kemper Corporation (NYSE:KMPR) by 102.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 325,197 shares of the insurance provider’s stock after buying an additional 164,315 shares during the quarter. Walleye Capital LLC’s holdings in Kemper were worth $9,938,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Tudor Investment Corp ET AL raised its stake in shares of Kemper by 64.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 223,403 shares of the insurance provider’s stock worth $11,516,000 after purchasing an additional 87,272 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Kemper by 361.0% in the fourth quarter. SG Americas Securities LLC now owns 78,507 shares of the insurance provider’s stock valued at $3,183,000 after buying an additional 61,479 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Kemper in the first quarter valued at $1,622,000. State of New Jersey Common Pension Fund D increased its holdings in Kemper by 46.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 58,467 shares of the insurance provider’s stock worth $2,370,000 after buying an additional 18,634 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Kemper by 32.0% during the fourth quarter. State of Alaska Department of Revenue now owns 78,885 shares of the insurance provider’s stock worth $3,196,000 after buying an additional 19,135 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Trading Down 2.7%

KMPR stock opened at $27.37 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18. The company has a fifty day moving average price of $27.08 and a two-hundred day moving average price of $31.26. Kemper Corporation has a one year low of $22.69 and a one year high of $62.47. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 44.14 and a beta of 1.04.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.60). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. Kemper’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. Equities analysts anticipate that Kemper Corporation will post 1.94 EPS for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.32 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a yield of 4.7%. Kemper’s dividend payout ratio is 206.45%.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group cut their price target on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, Piper Sandler cut their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $51.75.

Kemper 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.