Y Intercept Hong Kong Ltd Buys 13,004 Shares of Kemper Corporation $KMPR

Y Intercept Hong Kong Ltd raised its position in Kemper Corporation (NYSE:KMPR) by 133.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 22,738 shares of the insurance provider’s stock after buying an additional 13,004 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kemper were worth $1,172,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of KMPR. Brighton Jones LLC acquired a new position in Kemper in the second quarter valued at about $490,000. Moran Wealth Management LLC acquired a new stake in Kemper during the 2nd quarter worth approximately $608,000. Versor Investments LP acquired a new stake in shares of Kemper during the second quarter worth $1,870,000. Bryce Point Capital LLC acquired a new stake in shares of Kemper in the 2nd quarter valued at about $742,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in Kemper in the 2nd quarter valued at approximately $976,000. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KMPR shares. Piper Sandler lowered their price target on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Raymond James Financial cut Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research report on Monday, December 29th. Finally, William Blair lowered shares of Kemper from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $56.67.

Kemper Price Performance

NYSE:KMPR opened at $39.40 on Friday. Kemper Corporation has a 52 week low of $33.91 and a 52 week high of $72.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.19 and a current ratio of 0.19. The firm’s 50-day simple moving average is $39.87 and its 200 day simple moving average is $46.90. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 10.29 and a beta of 1.15.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). Kemper had a return on equity of 11.48% and a net margin of 5.13%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, November 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.28 annualized dividend and a yield of 3.2%. Kemper’s payout ratio is currently 33.42%.

Kemper Company 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.