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Kemper Announces $150 Million Accelerated Share Repurchase

1. Kemper announces a $150 million accelerated share repurchase. 2. This reflects confidence in its business and share value.

Shares Buyback
+2.77%Current Return
VS
+0.01%S&P 500
$52.6508/13 05:47 PM EDTEvent Start
$54.1108/15 12:18 AM EDTLatest Updated
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FAQ

Why Bullish?

The $150 million share repurchase indicates strong future cash flow and shareholder value. Past ASRs have typically led to positive price movements as they reduce share supply.

How important is it?

The share repurchase signifies management's confidence, which commonly correlates to positive price actions. Additionally, it shows effective capital allocation, crucial for investor perception.

Why Short Term?

The immediate effects of ASRs generally enhance price momentum, impacting near-term performance. Historical examples show that ASRs often create a favorable investor sentiment quickly.

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GSSPY
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced today that it has entered into an accelerated share repurchase transaction (“ASR”) under an agreement with Goldman Sachs & Co. LLC to repurchase $150 million of its outstanding common stock. The ASR will be completed under Kemper's previously announced $550 million share repurchase authorizations. "This accelerated share repurchase reflects our strong confidence in the business and our disciplined approach to creating share.

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