Deutsche Bank AG Purchases Shares of 64,812 Kemper Corporation $KMPR

Deutsche Bank AG acquired a new stake in shares of Kemper Corporation (NYSE:KMPR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 64,812 shares of the insurance provider’s stock, valued at approximately $1,747,000.

Other hedge funds also recently made changes to their positions in the company. Walleye Capital LLC bought a new stake in Kemper during the second quarter worth approximately $21,709,000. AQR Capital Management LLC grew its position in Kemper by 40.1% in the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after buying an additional 795,131 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Kemper by 129.8% in the third quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock valued at $57,512,000 after buying an additional 630,241 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Kemper during the 4th quarter valued at $24,324,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Kemper during the 1st quarter valued at $18,074,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Price Performance

KMPR opened at $28.03 on Friday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -3.34 and a beta of 1.04. Kemper Corporation has a 1 year low of $22.69 and a 1 year high of $54.64. 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 stock has a fifty day moving average price of $27.98 and a 200 day moving average price of $29.33.

Kemper (NYSE:KMPR) last announced 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. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 EPS. Analysts forecast that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Kemper’s dividend payout ratio (DPR) is currently -15.24%.

Insiders Place Their Bets

In related news, CEO Stephen J. Mcanena purchased 3,000 shares of Kemper stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $26.50 per share, with a total value of $79,500.00. Following the completion of the transaction, the chief executive officer directly owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. This represents a 10.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Laderman purchased 4,000 shares of Kemper stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $26.49 per share, with a total value of $105,960.00. Following 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 14,000 shares of company stock worth $367,880 in the last 90 days. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Kemper from $81.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday. Wall Street Zen downgraded Kemper from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group decreased their price target on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Kemper currently has an average rating of “Reduce” and a consensus price target of $43.25.

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.