Hsbc Holdings PLC Decreases Holdings in Kemper Corporation $KMPR

Hsbc Holdings PLC cut its holdings in Kemper Corporation (NYSE:KMPR) by 65.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,769 shares of the insurance provider’s stock after selling 20,023 shares during the quarter. Hsbc Holdings PLC’s holdings in Kemper were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Huntington National Bank lifted its stake in shares of Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after buying an additional 421 shares during the period. Danske Bank A S acquired a new position in shares of Kemper in the 3rd quarter valued at $36,000. Signaturefd LLC purchased a new position in Kemper in the 4th quarter worth $32,000. Rockefeller Capital Management L.P. raised its stake in Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 814 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Kemper by 11,455.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 1,031 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Down 0.8%

Kemper stock opened at $27.98 on Friday. 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 stock has a market capitalization of $1.65 billion, a PE ratio of 45.14 and a beta of 1.04. The business has a 50 day simple moving average of $27.23 and a 200-day simple moving average of $31.59. Kemper Corporation has a 12 month low of $22.69 and a 12 month high of $62.47.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). Kemper had a return on equity of 4.80% and a net margin of 0.89%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts anticipate that Kemper Corporation will post 1.94 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Kemper’s dividend payout ratio is presently 206.45%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMPR. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Piper Sandler dropped their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. Finally, UBS Group reduced their price target on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $51.75.

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.