There was a significant drop in the number of short positions taken in Kemper County during August (NYSE: KMPR). There were 1,470,000 shares available for a short sale as of August 31, a fall of 9.8% from the 1,630,000 shares that were available for a short sale the day before. The days-to-cover ratio currently stands at 5.5 days at this moment. This figure was arrived at by considering that the securities at issue have an average trading volume of 265,400 shares. There are transactions involving 2.4% of the company’s total shares in the market for short sales.
In other developments about this topic, Kemper director Jason N. Gorevic purchased 3,000 shares of the company’s stock on August 3, according to the announcement published by the company. The stock was purchased for a total cost of $129,000.00, which works out to a price of $43.00 a share on an average basis. After the transaction was completed, the director could purchase 12,139 shares of the company’s stock. At the current market price, these shares are worth a total of $521,977. The transaction notification was delivered to the Securities and Exchange Commission as a document. The document, in full, can be accessed on the website of the SEC at any time.
As a result, insiders now have control of 0.71% of the total shares outstanding in the company. Separately, on Tuesday, August 2, analysts at Piper Sandler cut their price objective for shares of Kemper from $57.00 to $48.00 and assigned the firm a “neutral” rating. Hedge funds have, in recent times, modified the interests that they have in the companies that hedge funds hold.
During the first three months of 2018, Retirement Systems of Alabama’s assets in Kemper saw a 0.3 percent boost due to this investment. Retirement Systems of Alabama now has a total of 78,548 stock held by the insurance provider after making an additional purchase of 197 shares during the most recent quarter. The value of all of Retirement Systems of Alabama’s stock holdings comes to a combined total of $4,441,000. Connable Office Inc. increased the amount of Kemper stock owned by 4.9% throughout the second quarter of the fiscal year. Connable Office Inc. is now the owner of 2,69 more shares of the insurance provider’s stock, increasing the total number of shares that it owns to 276, and the value of those shares brings its total assets to $276,000. In the second quarter, Inspire Investing LLC added 7.1% more of Kemper’s existing holdings to the company’s investment portfolio.
As a result, inspire Investing LLC has increased its shareholdings by a total of 2,944 during the current fiscal quarter, bringing the total number of shares owned by the company to 4,438. At the moment, one share of stock is worth approximately $113,000. The Louisiana State Employees Retirement System bought 1.9% more Kemper stock during the first three months of 2018, bringing the company’s shares to 89.1%. The Louisiana State Employees Retirement System now has 15,700 shares of the insurance provider’s stock after purchasing an additional 300 shares during the quarter. Based on the stock’s current market price, the Louisiana State Employees Retirement System’s holdings have an estimated $865,000. To not be outdone, the Treasurer of North Carolina added 1.6% more of the state’s holdings in Kemper during the first quarter of this year. The Treasurer of the State of North Carolina now owns 22,129 shares in the insurance firm after purchasing an additional 350 shares during the most recent quarter. The total value of the Treasurer’s 22,129 shares in the company is $1,251,000. Institutional investors and hedge funds own 83 and 33% of the company’s stock.
KMPR began trading on Monday at $46.34. The stock price fluctuates between $47.07 and $49.60, somewhat in line with its 50-day and 200-day simple moving averages, respectively. All the financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, are identical to 0.22. Another ratio that is comparable to 0.49 is the debt-to-equity ratio. The one-year low for Kemper can be found at $41.62, and the one-year high can be found at $70.65 (both prices are in US dollars). The most recent earnings report for Kemper Corporation, traded on the New York Stock Exchange under the KMPR, was released on August 1. It was disclosed that the insurance company had earnings per share (EPS) of $0.62 for the quarter, which was $0.08 more than the consensus projection of $0.70 per share.
Although Kemper had a negative net margin of 6.07%, the company nevertheless managed to generate an equity return on investment of 8.51%. The final tally for the company’s quarterly revenue, which was reported as $1.43 billion, is in line with the projections made by experts, which were also for $1.43 billion. The company’s earnings per share for the quarter were $1.54, comparable to the same quarter’s figures from the prior year. The prior quarter’s sales for the company were lower by 4.6% compared to the same period the previous year. “The majority opinion among analysts who follow the financial markets is that Kemper will end 2018 with a loss of 1.83 cents per share.”