SG Americas Securities LLC Trims Holdings in Kemper Corporation $KMPR

SG Americas Securities LLC trimmed its holdings in shares of Kemper Corporation (NYSE:KMPR) by 62.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,262 shares of the insurance provider’s stock after selling 49,245 shares during the quarter. SG Americas Securities LLC’s holdings in Kemper were worth $894,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its stake in Kemper by 616.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock worth $38,000 after buying an additional 814 shares during the period. Corient Private Wealth LLC bought a new position in Kemper in the 4th quarter worth about $1,724,000. Mengis Capital Management Inc. grew its stake in Kemper by 59.0% in the 4th quarter. Mengis Capital Management Inc. now owns 13,813 shares of the insurance provider’s stock worth $560,000 after acquiring an additional 5,125 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Kemper by 24.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock worth $80,000 after acquiring an additional 389 shares during the period. Finally, XTX Topco Ltd increased its position in shares of Kemper by 61.4% during the fourth quarter. XTX Topco Ltd now owns 65,211 shares of the insurance provider’s stock worth $2,644,000 after acquiring an additional 24,802 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KMPR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. UBS Group decreased their target price on Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, Piper Sandler dropped their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $51.75.

Kemper Stock Down 0.3%

Shares of Kemper stock opened at $28.75 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.69 billion, a P/E ratio of 46.38 and a beta of 1.04. The firm’s 50 day moving average price is $27.97 and its 200-day moving average price is $32.37. Kemper Corporation has a 52-week low of $22.69 and a 52-week high of $64.23.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.60). Kemper had a net margin of 0.89% and a return on equity of 4.80%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $1.65 earnings per share. Kemper’s revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts predict that Kemper Corporation will post 2.03 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. Kemper’s dividend payout ratio (DPR) is presently 206.45%.

Kemper 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.