Jupiter Topco LLC Takes $665,000 Position in Kemper Corporation $KMPR

Jupiter Topco LLC acquired a new position in shares of Kemper Corporation (NYSE:KMPR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,653 shares of the insurance provider’s stock, valued at approximately $665,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming grew its position in Kemper by 4.7% during the second quarter. State of Wyoming now owns 4,431 shares of the insurance provider’s stock worth $286,000 after buying an additional 199 shares during the period. M&T Bank Corp boosted its stake in shares of Kemper by 7.9% during the 2nd quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider’s stock worth $314,000 after acquiring an additional 355 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Kemper by 27.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 369 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Kemper by 24.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock worth $80,000 after acquiring an additional 389 shares during the period. Finally, Huntington National Bank grew its holdings in shares of Kemper by 187.1% in the 4th 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 period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Stock Performance

Kemper stock opened at $27.95 on Monday. The stock has a fifty day moving average of $28.20 and a two-hundred day moving average of $29.15. Kemper Corporation has a fifty-two week low of $22.69 and a fifty-two week high of $54.59. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17.

Kemper (NYSE:KMPR) last announced its quarterly earnings data 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 negative net margin of 10.84% and a positive return on equity of 2.89%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. On average, analysts anticipate that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, August 21st. Kemper’s dividend payout ratio is presently -15.24%.

Insider Transactions at Kemper

In other news, Director Jason Gorevic bought 5,000 shares of Kemper stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $25.91 per share, for a total transaction of $129,550.00. Following the completion of the acquisition, the director owned 31,802 shares of the company’s stock, valued at $823,989.82. The trade was a 18.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bradley Camden purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $26.34 per share, with a total value of $26,340.00. Following the completion of the purchase, the chief financial officer directly owned 51,259 shares of the company’s stock, valued at $1,350,162.06. The trade was a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 14,000 shares of company stock valued at $367,880 in the last ninety days. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KMPR shares. Wall Street Zen cut Kemper from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. 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 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, TD Cowen decreased their price objective on shares of Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $43.25.

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.