Gerald Laderman Purchases 4,000 Shares of Kemper (NYSE:KMPR) Stock

Kemper Corporation (NYSE:KMPR) Director Gerald Laderman purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $26.49 per share, with a total value of $105,960.00. Following the completion of the transaction, the director owned 33,365 shares of the company’s stock, valued at $883,838.85. This represents a 13.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kemper Price Performance

KMPR stock traded down $0.18 during mid-day trading on Tuesday, hitting $26.21. The stock had a trading volume of 812,287 shares, compared to its average volume of 1,039,576. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $54.90. The firm has a market capitalization of $1.54 billion, a P/E ratio of -3.12 and a beta of 1.04. The firm has a fifty day simple moving average of $27.29 and a 200 day simple moving average of $30.33.

Kemper (NYSE:KMPR) last issued its quarterly earnings results 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. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $1.30 EPS. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, research analysts forecast that Kemper Corporation will post 1.93 EPS for the current year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued 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 dividend yield of 4.9%. Kemper’s dividend payout ratio is -15.24%.

Analyst Upgrades and Downgrades

KMPR has been the subject of several research reports. Weiss Ratings downgraded shares of Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Piper Sandler lowered their price target 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 dropped their price target on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Finally, Wall Street Zen raised Kemper from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kemper presently has a consensus rating of “Reduce” and an average target price of $43.67.

Hedge Funds Weigh In On Kemper

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP bought a new stake in Kemper during the second quarter valued at $83,000. BlackRock Inc. acquired a new position in shares of Kemper in the 2nd quarter valued at about $227,331,000. Pallas Capital Advisors LLC bought a new stake in shares of Kemper during the 2nd quarter valued at about $202,000. Deutsche Bank AG bought a new stake in shares of Kemper during the 2nd quarter valued at about $1,747,000. Finally, Bank of New York Mellon Corp acquired a new stake in Kemper during the second quarter worth approximately $13,896,000. Institutional investors own 86.23% of the company’s stock.

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.