Bayesian Capital Management LP Buys New Shares in Kemper Co. (NYSE:KMPR)

Bayesian Capital Management LP purchased a new position in Kemper Co. (NYSE:KMPR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,523 shares of the insurance provider’s stock, valued at approximately $342,000.

Other institutional investors have also added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new position in shares of Kemper during the first quarter valued at about $25,000. CWM LLC lifted its stake in shares of Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 348 shares during the period. Blue Trust Inc. boosted its position in shares of Kemper by 211.1% during the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 361 shares in the last quarter. LRI Investments LLC purchased a new position in Kemper during the first quarter valued at $36,000. Finally, Quest Partners LLC bought a new stake in shares of Kemper during the 4th quarter valued at $66,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities increased their price target on shares of Kemper from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kemper has a consensus rating of “Buy” and a consensus target price of $71.40.

Kemper Stock Down 2.6 %

Shares of KMPR stock opened at $64.06 on Thursday. 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 Co. has a one year low of $38.32 and a one year high of $65.93. The company’s 50-day moving average is $60.10 and its 200 day moving average is $59.14.

Kemper (NYSE:KMPR) last posted 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). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.02) EPS. Sell-side analysts forecast that Kemper Co. will post 4.67 earnings per share for the current fiscal year.

Insider Activity at Kemper

In related news, Director Gerald Laderman purchased 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, for a total transaction of $305,050.00. Following the completion of the purchase, the director now directly 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 is available at this hyperlink. 6.20% of the stock is currently owned by insiders.

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.