CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced today that it has entered into an accelerated share repurchase transaction (âASRâ) under an agreement with Goldman Sachs & Co. LLC to repurchase $150 million of its outstanding common stock. The ASR will be completed under Kemperâs 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
Related Questions
What is the remaining authorized share repurchase capacity after this transaction, and what is managementâs future buyback strategy?
How does KMPRâs buyback program compare in size and frequency to those of its main competitors in the insurance sector?
What are the potential tax implications for shareholders participating in the accelerated share repurchase?
How might the market interpret this buyback in terms of managementâs confidence in the business versus a signal of limited growth opportunities?
What are the risks of market manipulation or volatility surrounding the execution of the ASR and how might they affect liquidity?
Will the ASR have any impact on the companyâs credit ratings or covenant compliance?
How will the $150âŻmillion accelerated share repurchase affect KMPRâs earnings per share and other perâshare metrics?
What is the expected timing of the ASR settlement and how might it influence shortâterm price movement?
Will the repurchase be funded from cash on hand or will it increase leverage, and what are the implications for the balance sheet?
How does the current share price compare to the average price paid in previous buybacks, and does this ASR represent a discount or premium?