Alberto Paracchini, a director at Kemper Corp (KMPR), recently bought 500 shares. The buy increased his holdings by 88 percent, and came to a total cost just under $32,000.
This marks the first insider buy since last August, when two directors picked up 5,000 shares and 3,000 shares respectively. Otherwise, there have been some modest sales by other company directors. The last executive insider activity occurred in late 2021.
Overall, insiders own about 4.6 percent of the property and casualty insurance company.
Shares have been a strong performer, with a 27 percent rally in the past year. That’s in spite of some recent losses. Revenue slid 7 percent in the last year, and the company had negative earnings overall.
While trading at a one-year high, the stock is still under its average price over the past five years.
Action to take: Shares look reasonably valued moving forward, even with their recent move higher.
Insurance companies tend to average out to strong performance over time, even amid some years of good operational performance and some years of poor ones. At present, the stock yields just under 2 percent.
For traders, the April $70 calls, last going for about $2.05, offer mid-double-digit returns on a continuation of the stock’s current uptrend in the coming weeks.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.