Key Points
- Kemper CEO Stephen Mcanena bought 3,000 shares at an average price of $26.50, investing $79,500 and increasing his direct ownership by 10.74% to 30,945 shares.
- Kemper’s latest quarter beat earnings expectations with EPS of $0.45 versus the $0.34 consensus, but revenue fell 10.8% year over year to $1.09 billion and the company reported a negative net margin.
- The company declared a quarterly dividend of $0.32, implying an annualized payout of $1.28 and a 4.8% yield. Analyst sentiment remains cautious, with an average “Reduce” rating despite a $43.67 average price target.
Kemper Corporation (NYSE:KMPR - Get Free Report) CEO Stephen Mcanena purchased 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $26.50 per share, for a total transaction of $79,500.00. Following the purchase, the chief executive officer directly owned 30,945 shares in the company, valued at $820,042.50. This trade represents a 10.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Kemper Stock Performance
NYSE:KMPR opened at $26.91 on Friday. The firm has a 50-day moving average of $27.47 and a two-hundred day moving average of $30.07. 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 stock has a market cap of $1.59 billion, a P/E ratio of -3.20 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 - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 EPS for the quarter, topping 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 business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The company's revenue was down 10.8% compared to the same quarter last year. On average, research analysts expect that Kemper Corporation will post 1.97 earnings per share 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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, August 21st. Kemper's payout ratio is -15.24%.
Institutional Investors Weigh In On Kemper
A number of institutional investors have recently modified their holdings of the business. Huntington National Bank lifted its holdings in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock worth $26,000 after acquiring an additional 421 shares during the last quarter. Signaturefd LLC bought a new position in shares of Kemper during the fourth quarter valued at approximately $32,000. Danske Bank A S bought a new position in shares of Kemper during the third quarter valued at approximately $36,000. Rockefeller Capital Management L.P. raised its position in shares of Kemper by 616.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider's stock worth $38,000 after purchasing an additional 814 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Kemper by 11,455.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider's stock worth $42,000 after purchasing an additional 1,031 shares during the last quarter. Institutional investors own 86.23% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Kemper from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 6th. Zacks Research cut Kemper from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 13th. Wall Street Zen raised Kemper from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Piper Sandler decreased their target price on Kemper from $35.00 to $28.00 and set an "underweight" rating for the company in a research report on Thursday, May 7th. Finally, UBS Group dropped their price target on Kemper from $44.00 to $43.00 and set a "buy" rating on the stock in a research report on Monday. One research analyst has 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. According to data from MarketBeat.com, Kemper currently has an average rating of "Reduce" and an average price target of $43.67.
View Our Latest Stock Report on KMPR
About Kemper
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
