Legacy Wealth Asset Management LLC Acquires New Holdings in Kemper Co. (NYSE:KMPR)

Legacy Wealth Asset Management LLC acquired a new stake in shares of Kemper Co. (NYSE:KMPR) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 3,495 shares of the insurance provider’s stock, valued at approximately $216,000.

Several other hedge funds also recently bought and sold shares of KMPR. Handelsbanken Fonder AB lifted its holdings in shares of Kemper by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 10,573 shares of the insurance provider’s stock worth $515,000 after acquiring an additional 1,800 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Kemper by 3.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock worth $173,408,000 after acquiring an additional 150,584 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kemper by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,441,496 shares of the insurance provider’s stock worth $118,827,000 after acquiring an additional 83,618 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Kemper by 5.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 260,290 shares of the insurance provider’s stock worth $12,668,000 after acquiring an additional 14,080 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Kemper in the 4th quarter worth approximately $873,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Trading Up 0.3 %

NYSE:KMPR traded up $0.18 during mid-day trading on Thursday, reaching $59.60. 105,480 shares of the company’s stock traded hands, compared to its average volume of 283,390. Kemper Co. has a 12-month low of $38.32 and a 12-month high of $64.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21. The company has a 50 day moving average price of $59.09 and a 200-day moving average price of $57.34. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -31.37 and a beta of 0.89.

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). Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned ($1.02) earnings per share. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Kemper Co. will post 4.48 earnings per share for the current year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.08%. Kemper’s dividend payout ratio is presently -65.26%.

Insiders Place Their Bets

In related news, Director Gerald Laderman bought 5,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of $61.01 per share, with a total value 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.20% of the company’s stock.

Analyst Ratings Changes

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

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.