591,434 Shares in Kemper Corporation $KMPR Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new stake in Kemper Corporation (NYSE:KMPR) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 591,434 shares of the insurance provider’s stock, valued at approximately $18,074,000. Assenagon Asset Management S.A. owned approximately 1.01% of Kemper at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after buying an additional 421 shares during the period. Signaturefd LLC purchased a new stake in shares of Kemper during the 4th quarter valued at approximately $32,000. Danske Bank A S purchased a new stake in shares of Kemper during the 3rd quarter valued at approximately $36,000. Rockefeller Capital Management L.P. raised its position in shares of Kemper by 616.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after buying an additional 814 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Kemper by 11,455.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 1,031 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Stock Performance

NYSE KMPR opened at $26.80 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $1.58 billion, a P/E ratio of 43.23 and a beta of 1.06. The stock has a 50-day moving average of $28.46 and a two-hundred day moving average of $32.86. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $64.96.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). Kemper had a return on equity of 4.80% and a net margin of 0.89%.The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $1.65 earnings per share. Kemper’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, analysts anticipate that Kemper Corporation will post 2.03 EPS for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.32 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a yield of 4.8%. Kemper’s dividend payout ratio (DPR) is 206.45%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KMPR shares. UBS Group lowered their price objective on Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Piper Sandler reduced their target price on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Finally, Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kemper presently has a consensus rating of “Reduce” and an average price target of $51.75.

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.