Kemper director Gorevic buys $98,280 in company stock

Published 07/08/2025, 17:50
Kemper director Gorevic buys $98,280 in company stock

Director Jason N. Gorevic of Kemper Corp (NYSE:KMPR) purchased 2,000 shares of common stock on August 7, 2025, at a price of $49.14 per share. The purchase comes as InvestingPro data shows the stock trading significantly below its Fair Value, with shares down over 21% in the past week alone.

The transaction amounted to a total investment of $98,280. Following this purchase, Gorevic directly owns 22,072 shares of Kemper Corp. The insurance company, currently valued at $3.15 billion, trades at an attractive P/E ratio of 9.2x and has maintained dividend payments for 36 consecutive years. For deeper insights into Kemper’s valuation and 10+ additional ProTips, visit InvestingPro.

In other recent news, Kemper Corporation reported its second-quarter 2025 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of $1.30, which was below the anticipated $1.52, and revenue came in at $1.23 billion, slightly under the forecasted $1.24 billion. These results were accompanied by an $18.7 million unfavorable development in the commercial auto segment, attributed to social inflation, as noted by Citizens JMP. Following these results, Raymond (NSE:RYMD) James downgraded Kemper from Strong Buy to Outperform, citing increased competition in the Non-Standard Personal Auto market, particularly in Florida. Additionally, Piper Sandler downgraded the company’s stock to Underweight, expressing concerns about policies-in-force growth and underwriting profitability. Raymond James also adjusted its price target for Kemper to $60.00 from $82.00, while Citizens JMP lowered their target to $75.00 from $85.00. These developments reflect the challenges Kemper faces in the auto market and its impact on the company’s financial outlook.

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