Oliver Luxxe Assets LLC Takes $560,000 Position in Kemper Co. (NYSE:KMPR)

Oliver Luxxe Assets LLC acquired a new stake in Kemper Co. (NYSE:KMPR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,049 shares of the insurance provider’s stock, valued at approximately $560,000.

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

Insiders Place Their Bets

In related news, Director Gerald Laderman bought 5,000 shares of Kemper stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $61.01 per share, with a total value of $305,050.00. Following the transaction, the director now directly owns 16,700 shares of the company’s stock, valued at $1,018,867. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 6.20% of the company’s stock.

Wall Street Analyst Weigh In

KMPR has been the subject of several research reports. Piper Sandler lifted their price target on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. JMP Securities reaffirmed a “market outperform” rating and set a $75.00 price objective on shares of Kemper in a report on Monday, April 15th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $70.40.

Kemper Price Performance

KMPR opened at $59.32 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $59.09 and its two-hundred day moving average price is $57.24. Kemper Co. has a 1 year low of $38.32 and a 1 year high of $64.69.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. Kemper’s revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.02) earnings per share. On average, equities analysts anticipate that Kemper Co. will post 4.48 EPS for the current year.

Kemper Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, May 10th. Kemper’s dividend payout ratio is -65.26%.

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.