Sequoia Financial Advisors LLC Has $208,000 Position in Kemper Co. (NYSE:KMPR)

Sequoia Financial Advisors LLC reduced its stake in Kemper Co. (NYSE:KMPR) by 74.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,352 shares of the insurance provider’s stock after selling 9,824 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kemper were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMPR. Wellington Management Group LLP lifted its holdings 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 worth $173,408,000 after purchasing an additional 150,584 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Kemper by 194.1% during the third quarter. Citigroup Inc. now owns 17,005 shares of the insurance provider’s stock worth $715,000 after buying an additional 11,222 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Kemper by 95.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 21,624 shares of the insurance provider’s stock worth $909,000 after buying an additional 10,570 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Kemper during the fourth quarter worth approximately $148,000. Finally, SG Americas Securities LLC acquired a new position in shares of Kemper during the fourth quarter worth approximately $119,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Stock Performance

Shares of NYSE:KMPR opened at $60.14 on Thursday. The business’s fifty day moving average price is $59.21 and its two-hundred day moving average price is $57.74. Kemper Co. has a fifty-two week low of $38.32 and a fifty-two week high of $64.69. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -31.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.01 billion. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned ($1.02) earnings per share. As a group, analysts predict that Kemper Co. will post 4.46 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, May 10th. Kemper’s payout ratio is presently -65.26%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KMPR shares. Piper Sandler upped their price target on Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. JMP Securities reiterated a “market outperform” rating and set a $75.00 price target on shares of Kemper in a report on Monday, April 15th. One equities research 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 company. According to MarketBeat.com, Kemper currently has an average rating of “Buy” and a consensus target price of $70.40.

Insider Transactions at Kemper

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

Kemper Company 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.