AlphaCrest Capital Management LLC Purchases 7,970 Shares of Kemper Co. (NYSE:KMPR)

Posted by Defense World Staff on Mar 9th, 2023

AlphaCrest Capital Management LLC boosted its position in shares of Kemper Co. (NYSE:KMPR – Get Rating) by 133.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,952 shares of the insurance provider’s stock after buying an additional 7,970 shares during the period. AlphaCrest Capital Management LLC’s holdings in Kemper were worth $576,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Clear Street Markets LLC bought a new position in shares of Kemper during the 3rd quarter valued at approximately $28,000. Bessemer Group Inc. bought a new position in Kemper during the third quarter valued at $30,000. Wipfli Financial Advisors LLC bought a new position in Kemper during the third quarter valued at $37,000. Ronald Blue Trust Inc. purchased a new position in shares of Kemper in the 2nd quarter worth $44,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Kemper by 20.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider’s stock worth $134,000 after buying an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 81.20% of the company’s stock.

Insider Activity at Kemper

In other Kemper news, Director Alberto J. Paracchini bought 500 shares of Kemper stock in a transaction on Tuesday, February 14th. The shares were acquired at an average price of $63.63 per share, for a total transaction of $31,815.00. Following the completion of the purchase, the director now directly owns 1,065 shares in the company, valued at approximately $67,765.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Susan D. Whiting sold 1,000 shares of Kemper stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $66.54, for a total transaction of $66,540.00. Following the completion of the sale, the director now owns 9,098 shares of the company’s stock, valued at $605,380.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alberto J. Paracchini acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was purchased at an average cost of $63.63 per share, for a total transaction of $31,815.00. Following the purchase, the director now owns 1,065 shares of the company’s stock, valued at $67,765.95. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KMPR has been the subject of several recent research reports. Credit Suisse Group upgraded Kemper from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $44.00 to $56.00 in a research report on Monday, January 30th. Raymond James upgraded Kemper from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $60.00 to $80.00 in a report on Tuesday, February 7th. Finally, Piper Sandler raised their price target on Kemper from $48.00 to $50.00 in a research report on Tuesday, January 10th.

Kemper Stock Performance

Shares of NYSE KMPR opened at $61.12 on Thursday. Kemper Co. has a 1 year low of $40.65 and a 1 year high of $68.15. The firm has a 50-day simple moving average of $58.56 and a two-hundred day simple moving average of $52.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.21 and a quick ratio of 0.21.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, February 10th. Kemper’s dividend payout ratio is currently -26.27%.

Kemper Company Profile

(Get Rating)

Kemper Corp. is a holding company, which engages in the property and casualty insurance, and life and health insurance businesses. It operates through the following segments: Specialty Property and Casualty Insurance, Preferred Property and Casualty Insurance, and Life and Health Insurance. The Specialty Property and Casualty Insurance segment provides personal and commercial automobile insurance.