9,049 Shares in Kemper Co. (NYSE:KMPR) Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC purchased a new position in shares of Kemper Co. (NYSE:KMPR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,049 shares of the insurance provider’s stock, valued at approximately $560,000.

A number of other institutional investors and hedge funds have also modified their holdings of KMPR. Norges Bank bought a new stake in shares of Kemper during the fourth quarter worth approximately $14,360,000. Thornburg Investment Management Inc. acquired a new position in Kemper during the fourth quarter valued at approximately $8,109,000. Schroder Investment Management Group grew its holdings in Kemper by 9.6% during the fourth quarter. Schroder Investment Management Group now owns 1,820,530 shares of the insurance provider’s stock valued at $88,605,000 after purchasing an additional 158,830 shares during the period. Wellington Management Group LLP grew its holdings in Kemper by 3.8% during the third quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock valued at $173,408,000 after purchasing an additional 150,584 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in Kemper by 64.6% during the fourth quarter. First Eagle Investment Management LLC now owns 242,370 shares of the insurance provider’s stock valued at $11,796,000 after purchasing an additional 95,150 shares during the period. 86.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kemper news, Director Gerald Laderman bought 5,000 shares of Kemper stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $61.01 per share, for a total transaction of $305,050.00. Following the completion of the acquisition, the director now owns 16,700 shares of the company’s stock, valued at approximately $1,018,867. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KMPR shares. Piper Sandler boosted their price objective on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. JMP Securities restated a “market outperform” rating and set a $75.00 price objective on shares of Kemper in a report on Monday, April 15th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kemper currently has an average rating of “Buy” and an average price target of $70.40.

Kemper Trading Down 0.0 %

Kemper stock opened at $59.32 on Tuesday. Kemper Co. has a twelve month low of $38.32 and a twelve month high of $64.69. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $59.09 and a 200-day moving average of $57.24.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.02). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.01 billion. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned ($1.02) EPS. Equities analysts predict that Kemper Co. will post 4.48 EPS for the current year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, May 10th. Kemper’s payout ratio is -65.26%.

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.