Farmer Steven Patrick Acquires New Holdings in Kemper Co. (NYSE:KMPR)

Farmer Steven Patrick acquired a new stake in shares of Kemper Co. (NYSE:KMPRGet Rating) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 4,470 shares of the insurance provider’s stock, valued at approximately $214,000.

Other institutional investors also recently added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new stake in Kemper during the first quarter valued at about $390,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in Kemper during the fourth quarter valued at about $4,864,000. GW&K Investment Management LLC boosted its position in Kemper by 2.0% during the fourth quarter. GW&K Investment Management LLC now owns 465,795 shares of the insurance provider’s stock valued at $27,384,000 after purchasing an additional 9,081 shares in the last quarter. Citigroup Inc. boosted its position in Kemper by 9.5% during the fourth quarter. Citigroup Inc. now owns 30,428 shares of the insurance provider’s stock valued at $1,789,000 after purchasing an additional 2,645 shares in the last quarter. Finally, State Street Corp boosted its position in Kemper by 1.3% during the fourth quarter. State Street Corp now owns 1,665,964 shares of the insurance provider’s stock valued at $97,942,000 after purchasing an additional 21,791 shares in the last quarter. Institutional investors own 80.36% of the company’s stock.

Kemper Price Performance

Shares of NYSE KMPR opened at $46.34 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.22 and a current ratio of 0.22. The company has a market cap of $2.96 billion, a PE ratio of -8.43 and a beta of 0.77. The business has a 50-day simple moving average of $47.07 and a two-hundred day simple moving average of $49.61. Kemper Co. has a fifty-two week low of $41.62 and a fifty-two week high of $70.65.

Kemper (NYSE:KMPRGet Rating) last issued its quarterly earnings results on Monday, August 1st. The insurance provider reported ($0.62) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.08. Kemper had a negative return on equity of 8.51% and a negative net margin of 6.07%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned ($1.54) earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities analysts expect that Kemper Co. will post -1.83 EPS for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Friday, August 12th. Kemper’s dividend payout ratio (DPR) is -22.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price objective on Kemper from $57.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 2nd.

Insider Buying and Selling

In other news, Director Jason N. Gorevic bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $43.00 per share, with a total value of $129,000.00. Following the completion of the acquisition, the director now directly owns 12,139 shares of the company’s stock, valued at approximately $521,977. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

About Kemper

(Get Rating)

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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