Insider Buying: Kemper Co. (NYSE:KMPR) Director Acquires 425 Shares of Stock

Kemper Co. (NYSE:KMPR) Director Alberto J. Paracchini bought 425 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $58.54 per share, for a total transaction of $24,879.50. Following the completion of the transaction, the director now directly owns 7,388 shares of the company’s stock, valued at $432,493.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kemper Stock Performance

KMPR stock opened at $60.35 on Wednesday. The firm has a 50 day simple moving average of $58.60 and a 200 day simple moving average of $52.81. Kemper Co. has a 52 week low of $38.32 and a 52 week high of $64.69. The stock has a market cap of $3.89 billion, a P/E ratio of -31.76 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned ($1.02) EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Research analysts anticipate that Kemper Co. will post 4.5 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. Kemper’s dividend payout ratio (DPR) is currently -65.26%.

Institutional Investors Weigh In On Kemper

A number of hedge funds and other institutional investors have recently made changes to their positions in KMPR. New York State Teachers Retirement System raised its position in Kemper by 0.3% during the first quarter. New York State Teachers Retirement System now owns 71,848 shares of the insurance provider’s stock valued at $4,449,000 after acquiring an additional 200 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Kemper by 0.6% during the 4th quarter. Amalgamated Bank now owns 37,881 shares of the insurance provider’s stock valued at $1,844,000 after purchasing an additional 235 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Kemper by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 18,220 shares of the insurance provider’s stock valued at $766,000 after purchasing an additional 254 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Kemper by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,692 shares of the insurance provider’s stock worth $1,299,000 after purchasing an additional 260 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Kemper by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 75,450 shares of the insurance provider’s stock worth $3,672,000 after buying an additional 268 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a research note on Monday, April 15th. Raymond James lifted their target price on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. Piper Sandler upped their price target on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. UBS Group lifted their price objective on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, TD Cowen initiated coverage on Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $70.40.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.