79,393 Shares in Kemper Corporation $KMPR Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new position in shares of Kemper Corporation (NYSE:KMPR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 79,393 shares of the insurance provider’s stock, valued at approximately $2,140,000.

A number of other large investors also recently added to or reduced their stakes in the business. State of Wyoming boosted its stake in shares of Kemper by 4.7% in the 2nd quarter. State of Wyoming now owns 4,431 shares of the insurance provider’s stock valued at $286,000 after purchasing an additional 199 shares during the last quarter. M&T Bank Corp raised its stake in shares of Kemper by 7.9% during the second quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider’s stock worth $314,000 after buying an additional 355 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Kemper by 27.0% during the first quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock worth $115,000 after buying an additional 369 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Kemper by 24.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock valued at $80,000 after buying an additional 389 shares during the period. Finally, Huntington National Bank boosted its stake in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Price Performance

Shares of KMPR opened at $28.28 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a 50 day simple moving average of $27.87 and a 200 day simple moving average of $29.38. Kemper Corporation has a 52-week low of $22.69 and a 52-week high of $54.64. The firm has a market capitalization of $1.67 billion, a PE ratio of -3.37 and a beta of 1.04.

Kemper (NYSE:KMPR) last announced its 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 negative net margin of 10.84% and a positive return on equity of 2.89%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company posted $1.30 EPS. The business’s quarterly revenue was down 10.8% on a year-over-year basis. Sell-side analysts predict that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 21st. Kemper’s payout ratio is currently -15.24%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Piper Sandler lowered their target price 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. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Weiss Ratings lowered Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Finally, UBS Group reduced their target price on Kemper from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $43.67.

Insiders Place Their Bets

In related news, Director Jason N. Gorevic bought 5,000 shares of Kemper stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $25.91 per share, with a total value of $129,550.00. Following the purchase, the director owned 31,802 shares in the company, valued at approximately $823,989.82. This trade represents a 18.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Mcanena bought 3,000 shares of Kemper stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $26.50 per share, with a total value of $79,500.00. Following the completion of the purchase, the chief executive officer owned 30,945 shares in the company, valued at approximately $820,042.50. This trade represents a 10.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 14,000 shares of company stock worth $367,880 in the last ninety days. 0.61% of the stock is owned by insiders.

Kemper 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.