Blue Trust Inc. Grows Stock Position in Kemper Corporation (NYSE:KMPR)

Blue Trust Inc. boosted its stake in shares of Kemper Corporation (NYSE:KMPRFree Report) by 40.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,268 shares of the insurance provider’s stock after buying an additional 365 shares during the period. Blue Trust Inc.’s holdings in Kemper were worth $85,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional purchased a new stake in Kemper in the first quarter worth $38,000. EverSource Wealth Advisors LLC increased its stake in Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 352 shares during the period. UMB Bank n.a. increased its stake in Kemper by 104.4% in the first quarter. UMB Bank n.a. now owns 650 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 332 shares during the period. CENTRAL TRUST Co purchased a new stake in Kemper in the first quarter worth $44,000. Finally, True Wealth Design LLC increased its stake in Kemper by 197.5% in the fourth quarter. True Wealth Design LLC now owns 717 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Activity at Kemper

In related news, Director Alberto J. Paracchini acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of $61.71 per share, with a total value of $30,855.00. Following the completion of the transaction, the director now directly owns 10,323 shares in the company, valued at $637,032.33. This trade represents a 5.09% 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, Director Gerald Laderman acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average cost of $62.24 per share, for a total transaction of $155,600.00. Following the transaction, the director now owns 21,635 shares of the company’s stock, valued at $1,346,562.40. This represents a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Piper Sandler reduced their target price on Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Wall Street Zen lowered Kemper from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Kemper has an average rating of “Buy” and an average target price of $79.40.

Check Out Our Latest Stock Report on KMPR

Kemper Stock Performance

Shares of Kemper stock opened at $64.27 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 12.01 and a beta of 1.30. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32. Kemper Corporation has a 12 month low of $53.57 and a 12 month high of $73.01. The stock’s fifty day moving average price is $62.27 and its 200-day moving average price is $64.20.

Kemper (NYSE:KMPRGet Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.48 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. On average, equities research analysts expect that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. Kemper’s dividend payout ratio is currently 23.93%.

About Kemper

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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