Confluence Investment Management LLC Invests $277,000 in Kemper Co. (NYSE:KMPR)

Confluence Investment Management LLC purchased a new position in shares of Kemper Co. (NYSE:KMPR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,470 shares of the insurance provider’s stock, valued at approximately $277,000.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Kemper by 211.1% in the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after buying an additional 361 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Kemper in the 4th quarter valued at approximately $66,000. SG Americas Securities LLC acquired a new stake in shares of Kemper in the 4th quarter valued at approximately $119,000. TFO Wealth Partners LLC boosted its holdings in shares of Kemper by 83,566.7% in the 4th quarter. TFO Wealth Partners LLC now owns 2,510 shares of the insurance provider’s stock valued at $122,000 after buying an additional 2,507 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of Kemper in the 4th quarter valued at approximately $148,000. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMPR has been the subject of several recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $75.00 price objective on shares of Kemper in a report on Monday, April 15th. Piper Sandler increased their price objective on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $70.40.

Kemper Stock Up 1.6 %

Shares of NYSE KMPR opened at $59.17 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21. Kemper Co. has a 52 week low of $38.32 and a 52 week high of $64.69. The stock has a market capitalization of $3.81 billion, a P/E ratio of -31.14 and a beta of 0.89. The stock’s fifty day moving average is $58.67 and its 200 day moving average is $56.42.

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

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, May 10th. Kemper’s dividend payout ratio is presently -65.26%.

Insider Buying and Selling at Kemper

In other Kemper news, Director Gerald Laderman bought 5,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $61.01 per share, for a total transaction of $305,050.00. Following the completion of the transaction, the director now directly owns 16,700 shares in the company, valued at approximately $1,018,867. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.20% of the company’s stock.

Kemper Profile

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.