The stock-split conversation is heating up again. KLA announced a 10-for-1 forward split in May 2026, and Booking Holdings completed a 25-for-1 split announced in February 2026. With two marquee names in the four-digit club resetting their share prices in the same year, investors are combing through the rest of the high-priced list looking for the next candidate.
Among the names mentioned most often are ASML Holding (NASDAQ: ASML | ASML Price Prediction), GE Vernova (NYSE: GEV), SanDisk (NASDAQ: SNDK), and United Rentals (NYSE: URI). None has announced a split, hinted at one in filings, or telegraphed board action. The ranking below reflects structural likelihood based on nominal price, recent run-up, retail appeal, and sector precedent, counting down from least likely to most likely.
4. ASML ASML carries the heftiest market cap at roughly $629.3 billion, with American depository receipts (ADRs) recently at $1,632.90 after a 122.9% one-year gain. Q1 2026 earnings showed quarterly revenue growth of 13.2% year over year and a trailing P/E of 54x. The company announced a new €12 billion buyback program running through December 2028 and lifted its FY25 dividend.
The bull case: four-digit ADR price and surging AI-driven lithography demand. The bear case is stronger. ASML is a Dutch-domiciled foreign issuer whose ADRs rarely split. Its shareholder base skews heavily institutional, and management has shown no interest in resetting the price. With analysts targeting $1,663.96 and a deep European holder base accustomed to high nominal prices, a split would be out of character. ASML lands at #4.
3. United Rentals United Rentals trades at $938.62, the lowest nominal price in this group, with a market cap of about $58.8 billion. Q1 2026 produced adjusted EPS of $9.71 versus $8.94 expected on $3.985 billion in revenue, up 7.15% year over year. Management raised 2026 guidance to $16.9 billion to $17.4 billion in revenue. Capital return is robust: a fresh $5 billion buyback authorization and a quarterly dividend lifted 10% to $1.97.
Insider activity tells the story. Nine directors acquired 203 shares each at $937.00 on May 8, 2026, while CEO Matthew Flannery disposed of 22,768 shares at $984.976 on April 24, 2026. United Rentals has never executed a stock split. Its run-up has been buyback-driven and its shareholder base is 96.7% institutional. Without a retail catalyst, the cultural disposition leans against a split.
2. GE Vernova Spun off from General Electric in April 2024, GE Vernova trades at $1,038.74 with a market cap near $279.1 billion. Q1 2026 delivered $9.30 billion in revenue, up 15.79% year over year, orders of $18.3 billion (up 71% organically), and an Electrification book-to-bill near 2.5x. Management raised 2026 guidance to $44.5 billion to $45.5 billion in revenue, doubled the dividend to $0.50 per quarter, and expanded its buyback authorization to $10 billion.
CEO Scott Strazik told investors, “our backlog growing by more than $13 billion quarter-over-quarter,” fueled by data center and AI infrastructure demand. The bull case: a young, retail-loved AI infrastructure name approaching four-digit territory with a one-year gain of 126.4%. The bear case: institutional ownership of 79.2% and a leadership team prioritizing buybacks and dividend growth over cosmetic actions. The combination of price level, AI narrative, and fresh corporate identity puts GE Vernova at #2.
1. SanDisk SanDisk is the clearest structural split candidate. The pure-play NAND name trades at $1,478.69, the highest nominal price in the group, with a market cap of roughly $219.0 billion. The chart tells a staggering story: up 522.9% year to date and 3,807.7% over the past year.
Fundamentals justify the move. Q3 FY2026 delivered non-GAAP EPS of $23.41 versus $14.66 consensus on $5.95 billion in revenue, up 251.03% year over year, with gross margin of 78.4%. The Datacenter segment grew 645% year over year to $1.47 billion. Guidance for Q4 calls for revenue of $7.75 billion to $8.25 billion and non-GAAP EPS of $30.00 to $33.00. CEO David Goeckeler said, “This quarter marks a fundamental inflection point for Sandisk where our technology leadership is enabling a deliberate shift in our mix toward the highest-value end markets, led by Datacenter.”
This is the bull case: highest nominal price of the four, U.S.-listed, recent spin-off from Western Digital, zero long-term debt after $650 million in debt repayment, and a newly authorized share repurchase program. On the other hand, SanDisk is a young public company still establishing its capital-return identity, and management has not signaled split intent. On every structural factor that matters, though, SanDisk leads the pack.
The hunt for the next massive share price reset is on—but internal resistance could keep some four-digit giants from ever pulling the trigger. Key Takeaway for Investors None of these four has announced or signaled a stock split. Splits are cosmetic: market cap, fundamentals, and intrinsic value remain unchanged. What they can shift is retail demand, options accessibility, and short-term sentiment. If the four-digit club continues to thin behind KLA and Booking, SanDisk’s combination of nominal price, momentum, and U.S.-listed structure makes it the most natural next candidate, with GE Vernova a credible second. ASML and United Rentals look unlikely to follow that path, though both continue returning capital aggressively through buybacks and dividends. Earnings power and cash flow drive long-term value far more than split mechanics.
Top Awards recognize strong culture and focus on Military Communities
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it has been recognized with multiple industry awards honoring its commitment to creating an exceptional workplace and supporting the growth and success of its people.
These recognitions reflect United Rentals' focus on fostering a culture built on safety, collaboration, professional development and service -- empowering employees to grow their careers while delivering outstanding results for customers and communities. The awards recognize the general culture while calling out the company’s support for military communities.
The company was recognized with the following awards:
Glassdoor Best Places to Work 2026
Glassdoor's Best Places to Work award recognizes companies that earn high levels of employee satisfaction and trust. United Rentals was recognized for its opportunities for career growth, supportive leadership and culture of empowerment. The award is based on voluntary, anonymous employee reviews submitted on Glassdoor, evaluating workplace experiences, culture and leadership.
America's Most Patriotic Companies 2026
Presented by Newsweek, America's Most Patriotic Companies recognizes organizations that demonstrate a strong commitment to supporting military personnel, veterans and their communities. Companies are selected based on formal programs, benefits and initiatives that support military-connected individuals, as well as independent research, national surveys and media analysis.
Military Friendly® Employer Gold and Military Spouse Friendly Employer
Presented by VIQTORY, the Military Friendly® Employer Gold designation recognizes organizations that demonstrate leadership in recruiting, retaining and advancing veterans. United Rentals also received Military Spouse Friendly Employer recognition for its commitment to supporting military spouses through hiring initiatives, career development opportunities, remote work options and Permanent Change of Station (PCS) support.
"Our people are the foundation of everything we do at United Rentals," said Craig Pintoff, Executive Vice President and Chief Administrative Officer, United Rentals. "We are committed to creating a workplace where employees are supported and empowered to grow their careers. By investing in our people and fostering a culture built on teamwork and service, we strengthen our ability to deliver exceptional experiences for our customers and make a positive impact in the communities we serve."
Information about career opportunities at United Rentals is available on the careers section of the company's website.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,658 rental locations in North America, 44 in Europe, 46 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 27,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $22.59 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.
In an environment filled with artificial intelligence (AI) enthusiasm and palpable fear of missing out (FOMO), it pays to remember that some of the most basic business models can reward investors, too.
Look at United Rentals (URI +0.63%). Over the past decade, this industrial stock returned 1,360%, beating the S&P 500 by a margin of better than 5-to-1. During that period, United Rentals trounced the broader industrial sector by more than 6x -- all while operating in a decidedly prosaic industry.
United Rentals is an equipment leasing juggernaut. Image source: Getty Images.
Need a forklift for a warehouse or a boom lift for a jobsite? Call United Rentals. The company also leases higher-end equipment manufactured by Caterpillar and Deere. It's a business model that makes a lot of sense. The gear produced by Caterpillar, Deere, and others is pricey, and there are times when farmers, factories, and supervisors need equipment for only a few days or weeks, making it uneconomical to buy bulldozers and forklifts outright.
A growth stock in disguise Perhaps the following numbers aren't what investors are accustomed to in high-flying semiconductor stocks, but 10-year compound annual growth rates (CAGRs) of 10% on the top line and 20% for earnings per share (EPS) have a growth-stock feel. Those percentages belong to United Rentals.
Speaking of growth-stock vibes, United Rentals has AI inroads. All that data center construction and the money utilities are spending to meet soaring power demand require the very equipment that United Rentals leases. Those are among the reasons revenue for the company's utilities segment more than doubled over the past decade.
United Rentals has the scale needed to meet the demands of data center and utilities customers. Over its nearly three decades in business, United Rentals executed hundreds of acquisitions, elevating its share of the North American equipment rental market to 16%. Market share leadership is data for investors. Customers want accessibility. With 1,360 locations in the U.S. and Canada, United Rentals answers that call.
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All of that sounds good, and it is, but United Rentals isn't a risk-free bet. There are some concerns that the stock is stretched on valuation and that the company is potentially vulnerable to losing some hyper-local business to technologically nimble rivals. Valid concerns to be sure, but it's worth noting that in the first quarter, United Rentals posted an 18% gain in ancillary and recent revenue. That's industry-speak for fostering a devoted customer base.
United Rentals' balance sheet is in decent shape Let's not sugarcoat it: United Rentals operates in a cost-intensive arena, so there's going to be some debt on the balance sheet. To its credit, the company is targeting a net debt/earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio of 1.5 to 2.5, down from a prior range of 2 to 3.
Additionally, large-scale consolidation opportunities are limited, indicating that if United Rentals goes hunting for deals, they'll be on the smaller side.
Shareholder rewards are also part of the United Rentals story. In January, the company announced a new $5 billion share repurchase program, with plans to buy back $1.5 billion in stock this year. That was accompanied by a 10% dividend hike. Those are signs that United Rentals is the type of stock that can help investors endure topsy-turvy markets.
On June 03, 2026, we present a DCF analysis for United Rentals Inc URI , a company that has shown impressive price performance over the past year, with a 45.1% increase. The stock has also gained 23.4% year-to-date and 5.0% over the past month.
DCF Earnings-based intrinsic value of $1100.95 compared to the current price of $994.82, indicating a margin of safety of 9.6%. DCF Free Cash Flow (FCF)-based intrinsic value is $145.41, suggesting a significantly overvalued status. GF Score™ of 95/100 indicates high reliability of the DCF inputs. What Is URI Worth? DCF Earnings-Based Model The DCF earnings-based model for United Rentals Inc utilizes a two-stage growth approach. In the first stage, we project the company's earnings growth over the next ten years, followed by a terminal growth phase. The assumptions used in this model are critical for determining the intrinsic value of the stock.
Parameter Value Current EPS (TTM, excl. non-recurring) $42.23 10-Year Growth Rate 17.3% 10-Year Treasury Rate 4.48% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the first stage (Years 1-10), we expect the EPS to grow at a rate of 17.3% per year, discounted at a rate of 11%. The calculated value for this growth stage is $579.33 per share. In the second stage (Years 11-20), we apply a terminal growth rate of 4%, also discounted at 11%, yielding a terminal stage value of $521.62 per share.
Stage Description Value Growth Stage (Years 1-10) EPS growing at 17.3%, discounted at 11% $579.33 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $521.62 Intrinsic Value Growth + Terminal $1100.95 Comparing the current price of $994.82 to the intrinsic value of $1100.95, we find that the stock is fairly valued with a margin of safety of 9.6%. It is important to note that GuruFocus uses EPS without non-recurring items because research shows stock prices correlate more closely with earnings than free cash flow. For further details, visit the URI DCF Calculator.
What Does the Free Cash Flow DCF Say? In contrast to the earnings-based model, the Free Cash Flow (FCF) DCF model yields an intrinsic value of $145.41. This stark difference from the earnings-based intrinsic value indicates a significant divergence in valuation perspectives. The FCF-based model suggests that URI is significantly overvalued, with a margin of safety of -584.1%.
How Does GF Value™ Compare to the DCF Models? The GF Value™ for United Rentals Inc is calculated at $830.56, providing a third perspective on the valuation. GF Value™ is GuruFocus' proprietary measure derived from historical trading multiples, past business growth, and future performance estimates. When comparing all three models, we see that the DCF earnings-based model suggests fair valuation, while the FCF model indicates significant overvaluation, and GF Value™ suggests the stock is overvalued as well. For more information, visit the GF Value™ page.
What Does URI's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021). The following table summarizes URI's GF Score™ metrics:
Metric Rating GF Score™ 95/100 Financial Strength 5/10 Profitability 10/10 Growth 10/10 Valuation 6/10 Momentum 8/10 With a predictability rank of 4/5 stars, this indicates that the DCF model is more reliable for this stock. For more details, visit the URI stock page.
Key Assumptions and Limitations It is important to note that DCF models are highly sensitive to growth rate and discount rate assumptions. Stocks with low predictability ratings tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future economic conditions.
What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—we find a mixed consensus. The DCF earnings model suggests that URI is fairly valued, while the DCF FCF model indicates significant overvaluation, and GF Value™ also suggests overvaluation. Overall, the consensus leans towards URI being overvalued.
For the full DCF analysis, visit the URI DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.
Frequently Asked Questions What is URI's intrinsic value based on DCF?
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Wedge™ remote monitoring solution provides real-time insights to support safer, more productive jobsites
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. today announced that Wedge®, its remote monitoring solution and a key component of the company's Worksite Performance Solutions™ portfolio, has been named a 2026 Industrial IoT Product of the Year by TMC.
The award recognizes technology solutions that deliver measurable value through connected operations and real-time data. For United Rentals, the recognition reflects the company's broader commitment to helping customers build safer, more productive and more connected jobsites.
Wedge enables customers to remotely monitor and control equipment, environmental conditions and critical jobsite parameters in real time. By delivering actionable insights from locations that may otherwise be difficult or costly to monitor, Wedge helps customers identify potential issues earlier, reduce risk and make more informed operational decisions.
As part of United Rentals' Worksite Performance Solutions portfolio, Wedge helps connect data across jobsites, equipment and operations, giving customers greater visibility into the factors that impact safety, productivity and uptime.
"We're honored that Wedge has been recognized with this award because it reflects the value connected technology can deliver to our customers every day," said Kristen Bauer, Advanced Solutions, United Rentals. "Wedge is more than a monitoring solution. It's part of our broader vision for a connected worksite where real-time data helps customers make faster decisions, reduce risk and keep projects moving forward."
From large construction projects and industrial facilities to critical infrastructure and temporary power applications, customers use Wedge to gain visibility into changing conditions and respond proactively before small issues become larger operational challenges.
The recognition reinforces United Rentals' continued investment in digital innovation and connected solutions that help customers improve jobsite performance. Through Worksite Performance Solutions, the company is bringing together equipment, technology and expertise to help customers work safer, operate more efficiently and maximize uptime.
The Industrial IoT Product of the Year Award honors the most innovative products and solutions driving digital transformation across industrial markets.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,658 rental locations in North America, 44 in Europe, 46 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 27,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $22.59 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Hub Group (HUBG) To Contact Him Directly To Discuss Their Options
If you purchased or acquired stock in Hub Group and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.
Click here to participate in the action.
NEW YORK, May 28, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ:HUBG) on behalf of Hub Group stockholders. Our investigation concerns whether Hub Group has violated the federal securities laws and/or engaged in other unlawful business practices. Investigation Details:
On February 5, 2026, Hub Group disclosed it had “identified an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” The Company determined that, as a result, financial statements for those periods should no longer be relied upon.The Company further stated it “expects to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for the year ended December 31, 2025.”On this news, Hub Group’s stock price fell $9.34, or 18.3%, to close at $41.81 per share on February 6, 2026, thereby injuring investors.Then, on May 12, 2026, Hub Group disclosed that additional financial statements from 2023 and 2024 would need to be restated after the Company had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported.” The Company also announced that it would be unable to timely file its first quarter 2026 financial report as well as its full year 2025 annual report.On this news, Hub Group’s stock price fell $5.24, or 12.5%, to close at $36.62 per share on May 12, 2026, thereby injuring investors further. Next Steps:
If you purchased or otherwise acquired Hub Group shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
NEW YORK, May 28, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP continues its investigation on behalf of Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ:HUBG) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws and other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On February 5, 2026, after market close, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable. Hub Group did not estimate what the financial impact would be nor did it provide a date for when it would restate its financial statements. On this news, the price of Hub Group shares declined by $9.37 per share, or approximately 18.3%, from $51.33 per share on February 5, 2026 to close at $41.96 on February 6, 2026.
On May 12, 2026, Hub Group filed a late quarterly filing notification and a Form 8-K informing investors that the 2023 and 2024 annual financial statements similarly “should no longer be relied upon” as the Company “expects to conclude it did not maintain effective disclosure controls and procedures” for each of those years. On this news, the price of Hub Group shares declined by $5.24 per share, or approximately 12.5%, from $41.86 per share on May 11, 2026 to close at $36.62 on May 12, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired Hub Group securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
NEW YORK, May 29, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the Hub Group ($HUBG) Class Action Investigation:
Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights
Why is Hub Group Being Investigated for Securities Fraud?
Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America.
BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.
This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.
This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the Hub Group ($HUBG) Class Action Investigation:
Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights
Why is Hub Group Being Investigated for Securities Fraud?
Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America.
BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.
This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.
This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
SAN FRANCISCO, June 02, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman announces the expansion of its investigation into Hub Group, Inc. (NASDAQ: HUBG). This expansion follows sudden, leadership ousters and admissions regarding what began as a 2025 multi-quarter $77 million accounting impropriety that has grown into admitted but as yet undisclosed accounting problems going back to 2023.
If you suffered significant losses investing in Hub Group, Inc. (HUBG) stock, click this link to submit your transaction details.
Visit: www.hbsslaw.com/investor-fraud/hubg
Contact the Firm Now: [email protected]
844-916-0895
CFO and COO Departures Mark Escalation of Hub Group Accounting Scandal:
The investigation focuses heavily on a series of dramatic corrective actions taken by Hub Group's Board of Directors. On May 28, 2026, the transportation and logistics provider abruptly announced the departures of its top executive officers:
Kevin Beth, Executive Vice President, Chief Financial Officer (CFO), and Treasurer.Brian Meents, Executive Vice President and Chief Operating Officer (COO).
According to media reports, these high-profile executive ousters are tied directly to an ongoing forensic accounting probe into a massive $77 million discrepancy related to understated purchased transportation costs and unrecorded accounts payable. Todd Heeter has been appointed as interim CFO while the firm is forced to undergo a comprehensive enterprise-wide finance transformation.
Timeline of Misleading Disclosures & Market Capitalization Losses
February 5, 2026: Hub Group initially revealed a $77 million accounting error, admitting it had understated core transportation costs and reporting that its financial statements for the first nine months of 2025 could no longer be relied upon. On this disclosure, the stock plunged by 27%, instantly erasing roughly $800 million in shareholder market capitalization.May 11, 2026: Hub Group's Audit Committee issued a warning to investors that previously filed annual reports stretching back through fiscal years 2023 and 2024 were materially misstated and unreliable due to incorrectly recognized or unsupported transactions.May 12, 2026: The company filed an NT 10-Q confessing it could not timely file its Q1 2026 financial quarterly results. Nasdaq subsequently issued a notice of non-compliance.May 28, 2026: The Board takes "corrective actions" by replacing its CFO and COO amid ongoing discussions with its registered public accountant, Ernst & Young.
“Now that Hub Group has almost cleaned out its C-suite following an accounting error that reaches all the way back to 2023, the core focus of our investigation is whether these expenses were intentionally or recklessly understated to artificially inflate operating margins,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in Hub Group and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »
If you’d like more information and answers to other frequently asked questions about the firm’s Hub Group investigation, read more »
Whistleblowers: Persons with non-public information regarding Hub Group should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ: HUBG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Hub Group and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 5, 2026, Hub Group announced that it would restate its financial statements for the first, second, and third quarters of 2025 due to an error that resulted in the understatement of purchased transportation costs and accounts payable. The Company disclosed that the total reduction to accounts payable and purchased transportation costs related to the identified error was $77 million for the nine months ended September 30, 2025. The Company delayed its full earnings release and said that it was continuing to assess the potential impact on its financial statements for 2023 and 2024, indicating that the scope of the accounting errors may extend beyond 2025.
On this news, Hub Group’s stock price fell $9.37 per share, or 18.25%, to close at $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group disclosed that the financial information its 2023 and 2024 Annual Reports on Form 10-K contained material misstatements and should not be relied upon. Specifically, Hub Group’s Audit Committee “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported.”
On this news, Hub Group’s stock price fell $5.24 per share, or 12.52%, to close at $36.62 per share on May 12, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Hub Group (HUBG) To Contact Him Directly To Discuss Their Options
If you purchased or acquired stock in Hub Group and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.
Click here to participate in the action.
NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ:HUBG) on behalf of Hub Group stockholders. Our investigation concerns whether Hub Group has violated the federal securities laws and/or engaged in other unlawful business practices. Investigation Details:
On February 5, 2026, Hub Group disclosed it had “identified an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” The Company determined that, as a result, financial statements for those periods should no longer be relied upon.The Company further stated it “expects to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for the year ended December 31, 2025.”On this news, Hub Group’s stock price fell $9.34, or 18.3%, to close at $41.81 per share on February 6, 2026, thereby injuring investors.Then, on May 12, 2026, Hub Group disclosed that additional financial statements from 2023 and 2024 would need to be restated after the Company had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported.” The Company also announced that it would be unable to timely file its first quarter 2026 financial report as well as its full year 2025 annual report.On this news, Hub Group’s stock price fell $5.24, or 12.5%, to close at $36.62 per share on May 12, 2026, thereby injuring investors further. Next Steps:
If you purchased or otherwise acquired Hub Group shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the Hub Group ($HUBG) Class Action Investigation:
Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights Why is Hub Group Being Investigated for Securities Fraud?
Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America.
BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.
This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.
This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Strong Pre-Launch Customer Demand Highlights Growing Need for AI Inference Services
, /PRNewswire/ -- SuperX AI Technology Limited ("SuperX" or the "Company"), a full-stack AI infrastructure solutions provider, today announced the launch of its first U.S. AI Inference Cloud Hub (the "Denver Hub") in Denver, Colorado, marking the Company's first operational cloud deployment in North America and an important milestone in its international growth strategy.
SuperX AI Cloud Platform providing customer access to AI inference services powered by the Denver Hub Ahead of launch, AI-focused technology companies have reserved a significant portion of the Denver Hub's initial inference capacity, reflecting increasing demand for dedicated AI inference services across a growing range of AI-powered applications.
Powered by NVIDIA AI accelerator technologies, the Denver Hub is designed to deliver high-performance, low-latency, and reliable AI inference services for enterprise customers. Built on SuperX's capabilities in GPU resource orchestration, elastic cloud infrastructure, system-level optimization, and rapid deployment, the platform supports a wide range of AI workloads while remaining compatible with current and future NVIDIA computing platforms. As organizations expand their AI initiatives, the Denver Hub provides a scalable and resilient foundation for the deployment and operation of AI services.
"The AI industry is entering a new phase where success is increasingly defined by the ability to operate AI services reliably and efficiently at scale," said Kenny Sng, Chief Technology Officer of SuperX. "The strong customer reservations we saw before launch reinforce the demand for purpose-built AI inference infrastructure. By combining NVIDIA AI accelerator technologies with SuperX's full-stack infrastructure capabilities, we are helping enterprises deploy and operate AI services more effectively as they scale their AI initiatives."
Strategically located in Denver, the Denver Hub provides connectivity across major North American markets and supports a wide range of AI-driven applications. To accommodate different deployment requirements, SuperX offers both "On-Demand" and "Reserved Capacity" models, giving customers the flexibility to align infrastructure usage with their operational needs.
The launch of the Denver Hub strengthens SuperX's ability to serve customers in North America while extending its international service capabilities. As demand for AI services continues to evolve, the Company will continue evaluating opportunities to enhance its infrastructure capabilities in support of customers across key global markets.
Currently available through an invitation-only onboarding program, the SuperX AI Cloud Platform provides organizations with access to high-performance AI compute resources and enterprise AI deployment solutions. Interested customers can learn more at aicloud.superx.sg.
About SuperX AI Technology Limited (NASDAQ: SUPX)
SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company's services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg.
Safe Harbor Statement
This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release, including delivery schedules, production capacity, and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Follow our social media:
X.com: https://x.com/SUPERX_AI_
LinkedIn: https://www.linkedin.com/company/superx-ai
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Hub Group, Inc. ("Hub Group" or the "Company") (NASDAQ: HUBG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Hub Group and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 5, 2026, Hub Group announced that it would restate its financial statements for the first, second, and third quarters of 2025 due to an error that resulted in the understatement of purchased transportation costs and accounts payable. The Company disclosed that the total reduction to accounts payable and purchased transportation costs related to the identified error was $77 million for the nine months ended September 30, 2025. The Company delayed its full earnings release and said that it was continuing to assess the potential impact on its financial statements for 2023 and 2024, indicating that the scope of the accounting errors may extend beyond 2025.
On this news, Hub Group's stock price fell $9.37 per share, or 18.25%, to close at $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group disclosed that the financial information its 2023 and 2024 Annual Reports on Form 10-K contained material misstatements and should not be relied upon. Specifically, Hub Group's Audit Committee "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported."
On this news, Hub Group's stock price fell $5.24 per share, or 12.52%, to close at $36.62 per share on May 12, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- WuXi Biologics (2269.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO), announced that it has completed the topping out of the Drug Product (DP) facility at its Singapore CRDMO Hub (Hub). Once operational, the facility will be the Company's key DP facility designed to meet the latest and most stringent requirements for international markets, with expected output of approximately 100 million units of pre-filled syringes and vials per year.
Located on a 13.5-hectare site in Tuas Biomedical Park, the Hub will be the first of its kind in Singapore, built on WuXi Biologics' proprietary technology platforms and industry-leading capabilities to offer dual sourcing solutions for biopharmaceutical companies worldwide. The Hub will add 120,000 liters of manufacturing capacity to the Company's global network, reinforcing Singapore's position as a leading biopharmaceutical hub. On this site, WuXi Biologics' subsidiary WuXi XDC achieved mechanical completion of its Singapore ADC production site in 2025.
Spanning approximately 30,000 square meters, the modular DP facility will feature advanced manufacturing lines, centralized Quality Control (QC) labs for full release and stability testing, and Manufacturing Science and Technology (MSAT) labs, significantly expanding the Company's end-to-end DP capabilities. With three pre-filled syringe (PFS) lines and two vial lines for liquid and lyophilized products, it will deliver integrated DP manufacturing for multiple dosage forms across clinical and commercial stages. The facility will also incorporate green technologies, including solar panels and an advanced system for energy monitoring and analysis, reflecting WuXi Biologics' commitment to sustainability. Operations are expected to commence in 2027.
Dr. Chris Chen, CEO of WuXi Biologics, said, "We are excited to celebrate another major milestone for our Singapore CRDMO hub. This achievement further reinforces our ability to provide global biopharmaceutical companies with a resilient and geographically diversified supply chain, one built on our world-class quality systems, cutting-edge innovation, and operational excellence. At the same time, we are dedicated to contributing to the local community in Singapore and the long-term development of its biopharmaceutical industry."
Construction across the Singapore CRDMO hub continues to advance, with the drug substance facility currently in the design phase. The Hub marks a significant step in WuXi Biologics' global extension and its long-term commitment as the partner of choice for global biopharmaceutical companies.
WuXi Biologics' global manufacturing footprint spans China, the United States, Ireland, Germany, and Singapore, with 24 drug substance (DS) facilities and 18 drug product (DP) facilities currently in operation. This network provides integrated dual-sourcing solutions spanning DS and DP, from clinical development through commercial-scale manufacturing. As of 2025, WuXi Biologics had successfully passed 46 regulatory inspections worldwide, including 22 conducted by the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), achieving a 100% success rate with no critical findings and no data integrity issues.
About WuXi Biologics
WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide*.
With over 13,000 employees in China, the United States, Ireland, Germany, and Singapore, including experts and scientists in biologics R&D and manufacturing, technology innovation, and operational excellence, WuXi Biologics leverages its technologies and expertise to deliver efficient, cost-effective, and scalable biologics solutions tailored to meet clients' needs. By embedding digital capability and infrastructure across the full biopharmaceutical value chain, the company turns data, computation, and prediction into transparent client experience, faster development, intelligent operations, and more efficient manufacturing. As of April 30, 2026, WuXi Biologics is supporting 982 integrated client projects, including 78 in Phase III and 25 in commercial manufacturing, with complex modalities representing more than half of the entire project portfolio.
WuXi Biologics regards sustainability as the cornerstone of long-term business growth. The company continuously drives green technology innovations to offer advanced end-to-end Green CRDMO solutions for its global partners while consistently achieving excellence in Environment, Social and Governance (ESG). Committed to creating shared value, it collaborates with all stakeholders to foster positive social and environmental impacts and promote responsible practices that empower the entire value chain.
*The winner of the "2026 Biologics CDMO of the Year" (Large CDMOs)
The winner of the "2026 Best Contract Development & Manufacturing Organization Award" (ABEA)
NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the Hub Group ($HUBG) Class Action Investigation:
Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights Why is Hub Group Being Investigated for Securities Fraud?
Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America.
BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.
This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.
This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the Hub Group ($HUBG) Class Action Investigation:
Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights
Why is Hub Group Being Investigated for Securities Fraud?
Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America.
BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.
This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.
This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Expanded Iron Bridge Facility to Add 88,000 Gallons of Tank Storage, Upgraded AirSCWO™ Capacity Targeting $3M-$5M in Annual WDS Revenue at Initial Scale with Ongoing Negotiations to Double Capacity and Revenue Potential
MORRISVILLE, NC / ACCESS Newswire / June 9, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a cleantech and environmental services company commercializing supercritical water oxidation technology for the permanent destruction of PFAS and hazardous organic waste streams, today announced significant expanded footprint at the Iron Bridge Regional Water Reclamation Facility in the City of Orlando, Florida.
The amendment to the previously announced license agreement authorizes the full build-out of a customer-facing Waste Destruction Services ("WDS") hub and manufacturing and assembly facility at Iron Bridge, enabling 374Water to receive, store, and destroy a broad range of PFAS-contaminated waste streams at commercial scale. Manufacturing and commissioning activities will also be done on-site in four additional buildings, bringing the total area to over 35,000 square feet.
Expanded Facility Infrastructure
Under the amended License Agreement, 374Water will:
Add 88,000 gallons of onsite tank storage capacity for waste receipt and staging of PFAS and non-PFAS contaminated wastes
Upgrade its AirSCWO system for significantly higher throughput
Develop a customer-centric facility designed to serve industrial, municipal, and federal clients
Establish manufacturing and assembly operations to support system deployment and servicing
Continue negotiating with various partners to more than double the capacity with additional AirSCWO systems
At the planned initial scale, the Iron Bridge WDS facility is expected to generate between $3 million and $5 million in annual revenue and serve as a commercial reference model supporting future opportunities across a market representing millions of gallons of AFFF and other PFAS wastes.
The Company is in negotiations with strategic partners to expand the installed destruction capacity and revenue potential within the next few years, which would more than double installed capacity and position the facility as a major regional hub for permanent organic waste destruction.
Tanks arrive at the expanded 374Water Waste Destruction Facility in Orlando, FLA Model for Scalable, Recurring Revenue
The Iron Bridge expansion represents the most advanced deployment of 374Water's WDS business model to date - converting proven destruction technology into a contracted, recurring revenue platform. The City of Orlando and the Iron Bridge facility team have been vital partners, contributing site infrastructure, market networks, and deep operational expertise to support 374Water's commercial growth.
Tanks being installed at the 374Water Waste Destruction Facility in Orlando, FL will be able to receive various wastes including PFAS-saturated activated carbon, ion exchange resin, and Aqueous film-forming foam.The facility will serve as a host site for customers, partners, and strategic investors partnering with 374Water to bring AirSCWO to customers around the country."This License Agreement, including this amendment, with the City of Orlando marks a significant step forward in our mission to scale permanent PFAS destruction," said Brad Meyers, Chief Operating Officer of 374Water. "We are building more than a treatment facility - we are establishing a commercial infrastructure platform with the capacity, the partners, and the regulatory foundation to serve growing demand across markets. The City of Orlando and the Iron Bridge team have been exceptional partners in making this vision a reality."
Background
374Water and the City of Orlando began their partnership in March 2024 with the deployment of a commercial-scale AirSCWO system at Iron Bridge. In March 2026, the Company announced its first License Agreement with the City following the successful completion of a 90-day biosolids destruction campaign that achieved greater than 99.95% PFAS destruction. The amended License Agreement builds directly on that momentum, providing the expanded legal and operational framework needed to pursue full commercial scale.
About 374Water
374Water Inc. (NASDAQ:SCWO) is a cleantech and environmental services company developing supercritical water oxidation technology for the destruction of organic waste streams within the industrial, municipal, and federal markets. 374Water's AirSCWO technology is designed to efficiently destroy and mineralize a broad spectrum of nonhazardous and hazardous organic wastes, producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. 374Water's AirSCWO technology has the potential to assist its customers to meet discharge requirements, reduce or eliminate disposal costs, remove bottlenecks, and reduce litigation and other risks. 374Water continues to be a leader in innovative waste treatment solutions, dedicated to creating a greener future and eradicating harmful pollutants. Learn more by visiting www.374water.com and follow us on LinkedIn.
Forward-Looking Statements
Certain statements in this communication are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "anticipate," "believe," "confidence," "could," "design," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," or other comparable terminology are intended to identify forward-looking statements. 374Water has based these forward-looking statements on its current expectations, assumptions, estimates, beliefs, and projections. While 374Water believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the 374Water's control. These forward-looking statements are subject to risks and uncertainties, including those discussed under "Risk Factors" in 374Water's Form 10-K for the year ended December 31, 2025, and in 374Water's subsequent filings and reports with the SEC. The forward-looking statements herein are made only as of the date they were first issued, and unless otherwise required by laws, 374Water disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the Hub Group ($HUBG) Class Action Investigation:
Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights Why is Hub Group Being Investigated for Securities Fraud?
Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America.
BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.
This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.
This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
The CRAFTSMAN "Longest Day Build Hub" offers family-friendly DIY projects to help make the most of the summer solstice #CRAFTSMANCrew creators Nik & Liv and Alex D'Alessio share outdoor project guides, tools and materials lists, and inspiration for summer weekends Special offer from select retailers on the new CRAFTSMAN V20* ADVANCED™ 6Ah Battery which provides more power and longer runtime† , /PRNewswire/ -- This Father's Day, CRAFTSMAN®, a Stanley Black & Decker brand, is inviting families to trade extra daylight for extra time together with the launch of the "Longest Day Build Hub" on CRAFTSMAN.com.
Created to celebrate Father's Day falling on the summer solstice — the longest day of the year — the new hub gives DIY dads and their families everything they need to turn inspiration into action, with project ideas, build guides, tools and materials lists, and links to shop a special V20* ADVANCED™ Battery offer.
#CRAFTSMANCrew creators Nik & Liv bring the action to their backyard with an Adventure Structure featuring monkey bars, a swing and climbing elements.
#CRAFTSMANCrew creator Alex D'Alessio takes on a backyard refresh, showing how dads can use the season’s longest day to create a more functional, family-friendly outdoor space. To bring the hub to life, CRAFTSMAN tapped two of its sponsored #CRAFTSMANCrew creators (and parents!) – DIY duo Nik & Liv and renovation expert Alex D'Alessio – to share outdoor projects designed to help families build, play and make memories together all summer long.
The Builds:
Nik & Liv bring the action to their backyard with an Adventure Structure featuring monkey bars, a swing and climbing elements. Inspired by their travels and a love of the outdoors, it's the kind of build kids will talk about for years.
"Some of our favorite family memories come from building things outdoors that we can enjoy together. This project brings home a piece of our recent Switzerland adventure while making the most of the extra daylight, giving us a gift that lasts long after the tools are put away." - Nik & Liv
Alex D'Alessio takes on a backyard refresh, showing how dads can use the season's longest day to create a more functional, family-friendly outdoor space.
"I love that the Longest Day Build Hub gives dads an easy way to use the extra daylight for something meaningful. I cherish every moment I spend outside with my kids, and this project allows us to enjoy a refreshed backyard and gives my family a safe place to play." - Alex D'Alessio
The Longest Day Build Hub also features links to shop a deal on the new CRAFTSMAN V20* 6Ah ADVANCED™ Battery, with $100 in savings available through Lowe's, Amazon, and Ace Hardwareⱡ. Designed with more power† to handle demanding projects and tough materials, the battery helps DIYers keep projects moving from sunup to sundown.
More Daylight + More Power = More "Whoa"
The new V20* ADVANCED™ Batteries are available in two models: a V20* 6Ah battery, which delivers up to 3X the power and up to 3X the runtime, and a V20* 3Ah battery, which provides 96% more power and up to 50% more runtime†. Compatible with over 100 CRAFTSMAN V20* products across power tools and outdoor equipment, the V20* ADVANCED™ Batteries are like giving dad's existing toolbox a turbo boost.
To learn more about the CRAFTSMAN V20* ADVANCED™ Batteries and the entire line of CRAFTSMAN tools and solutions, visit www.craftsman.com.
* 20V MAX* battery, max initial voltage (w/out a workload) is 20 volts. Nominal voltage is 18.
† vs. CMCB202 2Ah battery, not in application, more runtime based on 10 Amp discharge test.
** Less temperature rise during full discharge, not in application vs. CMCB202 2 Ah battery.
ⱡ Offer applies to CMCB2106-CK only. Valid 6/1/2026 - 7/22/2026 (or while supplies last) in-store and online at ACE Hardware, and Lowe's, and on amazon.com. Prices may vary by retailer. May not be combined with any other discount or offer and does not apply to purchases made before or after the promotion dates. If you return the merchandise, the value of this promotion is not refunded or credited to your account. No cash value, except where prohibited by law. Other restrictions may apply.
About CRAFTSMAN
CRAFTSMAN® is the most trusted and recommended brand in Tools and Outdoor by DIYers±. With solutions for the home, yard and garage, CRAFTSMAN is committed to empowering DIYers at every stage of their journey. Crafted with the same innovation and expertise homeowners have come to expect and love, CRAFTSMAN is here to help DIYers BUILD ON™. For more information, visit www.craftsman.com or follow CRAFTSMAN on Facebook and Instagram.
± Rated among 25 leading competitive brands, based on an online national survey of 261 DIY tool and residential outdoor power equipment owners ages 18+, conducted in 10/2024.
About Stanley Black & Decker
Founded in 1843 and headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is a worldwide leader in Tools and Outdoor, operating manufacturing facilities globally. The Company's approximately 43,500 employees produce innovative end-user inspired power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products, and engineered fasteners to support the world's builders, tradespeople and DIYers. The Company's world-class portfolio of trusted brands includes DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®. To learn more visit: www.stanleyblackanddecker.com or follow Stanley Black & Decker on Facebook, Instagram, LinkedIn and X.
NEW YORK, June 12, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Hub Group Inc. (NASDAQ:HUBG) for potential securities fraud after significant stock drops.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the Hub Group ($HUBG) Class Action Investigation:
Investigation Overview: Securities fraud regarding Hub Group’s financial restatements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023 due to prematurely or incorrectly recognized transactions.Stock Declines: February 6, 2026 - 18% Stock DropMay 12, 2026 - 13% Stock Drop Action: Contact BFA Law to discuss your rights Why is Hub Group Being Investigated for Securities Fraud?
Hub Group is a supply chain solutions provider that offers transportation and logistics management services. Hub Group is one of the largest freight transportation providers in North America.
BFA is investigating Hub Group’s financial statements for the first nine months of 2025 and for the years ended December 31, 2024 and 2023, due to prematurely or incorrectly recognized transactions.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that it would delay the full release of its fourth quarter and full year 2025 financial results and will restate its financial statements for the first three quarters of 2025 due to an error that understated purchased transportation costs and accounts payable.
This news caused the price of Hub Group stock to decline $9.37 per share, or 18%, from a closing price of $51.33 per share on February 5, 2026, to $41.96 per share on February 6, 2026.
Then, on May 12, 2026, Hub Group announced that its previously issued audited financial statements for the years ended December 31, 2024 and 2023 were materially misstated and should no longer be relied upon. Hub Group stated that it identified premature or incorrectly recognized transactions and that it expects to conclude that it did not maintain effective disclosure controls and internal control over financial reporting for the years ended December 31, 2024 and 2023.
This news caused the price of Hub Group stock to decline $5.24 per share, or 13%, from a closing price of $41.86 per share on May 11, 2026, to $36.62 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Dimensional Fund Advisors LP lifted its position in shares of Kemper Corporation (NYSE: KMPR) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,331,737 shares of the insurance provider's stock after purchasing an additional 97,354 shares during the quarter. Dimensional Fund
First Trust Advisors LP increased its stake in shares of Kemper Corporation (NYSE: KMPR) by 44.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 736,183 shares of the insurance provider's stock after buying an additional 225,476 shares during
Kemper Corporation (NYSE: KMPR - Get Free Report) has been given a consensus recommendation of "Reduce" by the eight brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average
SG Americas Securities LLC lifted its stake in shares of Kemper Corporation (NYSE:KMPR – Free Report) by 361.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,507 shares of the insurance provider’s stock after buying an additional 61,479 shares during the quarter. SG Americas Securities LLC owned about 0.13% of Kemper worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of KMPR. Hantz Financial Services Inc. grew its position in shares of Kemper by 1,098.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock worth $30,000 after buying an additional 538 shares during the period. Jones Financial Companies Lllp lifted its position in Kemper by 73.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 278 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Kemper during the 3rd quarter valued at about $36,000. Danske Bank A S bought a new stake in Kemper during the third quarter worth about $36,000. Finally, UMB Bank n.a. grew its holdings in Kemper by 194.6% in the third quarter. UMB Bank n.a. now owns 881 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 582 shares during the period. 86.23% of the stock is owned by institutional investors.
Analyst Ratings Changes Several research firms recently weighed in on KMPR. Citigroup downgraded Kemper to a “market perform” rating in a research note on Thursday, February 5th. Citizens Jmp downgraded Kemper from an “outperform” rating to a “market perform” rating in a report on Thursday, February 5th. Zacks Research cut Kemper from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. UBS Group set a $56.00 price target on Kemper in a report on Monday, February 9th. Finally, William Blair lowered Kemper from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $56.50.
View Our Latest Analysis on KMPR
Kemper Trading Up 0.0% Kemper stock opened at $30.62 on Friday. Kemper Corporation has a 52-week low of $28.41 and a 52-week high of $66.23. The company has a market cap of $1.80 billion, a P/E ratio of 13.98 and a beta of 1.14. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $39.46.
Kemper (NYSE:KMPR – Get Free Report) last announced its earnings results on Wednesday, February 4th. The insurance provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.60). Kemper had a return on equity of 8.02% and a net margin of 2.99%.The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $1.78 earnings per share. Kemper’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts predict that Kemper Corporation will post 6.03 EPS for the current year.
Kemper Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.2%. Kemper’s dividend payout ratio is currently 58.45%.
Kemper Company Profile (Free Report)
Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.
The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.
Featured Articles Five stocks we like better than Kemper Want to see what other hedge funds are holding KMPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kemper Corporation (NYSE:KMPR – Free Report).
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Kemper Corporation shows a compelling breakout pattern with significant pent-up value, pointing to the potential for a major rally. Profitability was pressured in 2025 by regulatory changes and claims severity, but restructuring efforts and new product initiatives are underway. Analysts forecast strong cash flow and profitability improvement post-2026, supported by a substantial bond portfolio.
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced it has completed the sale of a property and casualty distribution operation consisting of captive agents and storefront locations to Confie, a company that specializes in operating storefront distribution models.
The transaction includes the sale of Newins Insurance Agency Holdings, LLC, which operates under the Illinois Vehicle, A-Abana, and Access Auto Insurance brands in a limited number of states. The operation was acquired by Kemper as part of the American Access Insurance Company transaction in 2021.
“This transaction is consistent with our focus on improving performance in our core operations,” said C. Thomas Evans, Jr., Interim CEO. “It allows us to further concentrate on our independent agent distribution channel for specialty auto and direct our resources toward areas where we see the greatest opportunity for long-term value. We have a strong relationship with Confie and believe they are well positioned to support the continued growth of the Newins operations.”
Employees associated with the business have transitioned to Confie as part of the transaction.
About Kemper
The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $12 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.5 million policies, is represented by approximately 24,100 agents and brokers, and has approximately 7,400 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper at www.kemper.com.
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) today announced that after the markets close on Wednesday, May 6, Kemper intends to issue its first quarter 2026 earnings release, financial supplement, and Form 10-Q. Following their publication, these documents will be available in the investor section of kemper.com.
Conference Call Details
Kemper will host its conference call to discuss first quarter 2026 results on Wednesday, May 6, at 5:00 pm Eastern (4:00 pm Central). The conference call will be accessible via the internet and telephone at 833.461.5787, Conference ID 496484973. To listen via webcast, register online at the investor section of kemper.com at least 15 minutes before the webcast to install any necessary software. A replay of the webcast will be available online at the investor section of kemper.com.
About Kemper
The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $12 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.5 million policies, is represented by 24,100 agents and brokers, and has 7,400 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced today that its Board of Directors has declared a quarterly dividend of $0.32 per share. The dividend is payable on June 2, 2026, to Kemper’s shareholders of record as of May 18, 2026.
About Kemper
The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $12 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.5 million policies, is represented by 24,100 agents and brokers, and has 7,400 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) reported a net loss of $1.7 million, or $(0.03) per share, for the first quarter of 2026, compared to net income of $99.7 million, or $1.54 per diluted share, for the first quarter of 2025.
Adjusted Consolidated Net Operating Income1 was $12.5 million, or $0.21 per share, for the first quarter of 2026, compared to Adjusted Consolidated Net Operating Income1 of $106.4 million, or $1.65 per diluted share, for the first quarter of 2025.
Summary of quarterly performance:
Adjusted Consolidated Net Operating Income1 of $12.5 million or $0.21 per share Specialty Personal Automobile’s operating results impacted by losses in California; taking rate and non-rate actions to improve profitability Specialty Commercial Automobile grew PIF at 10% YoY while producing an Underlying Combined Ratio1 of 92.4% Life business generated solid results driven by underwriting performance and management actions Restructuring initiatives well underway with $60 million run-rate savings identified and $50 million already actioned “Our results this quarter reflect continued pressure in parts of the business, particularly California personal auto, while other areas of the portfolio are performing well and contributing positively,” said C. Thomas Evans, Jr., Interim CEO. “This includes strong results in our commercial auto business and continued personal auto diversification into key markets like Florida and Texas. We are taking decisive actions across underwriting, claims, and expense to return the business to profitability and drive more consistent performance over time.”
Three Months Ended
(Dollars in Millions, Except Per Share Amounts) (Unaudited)
Mar 31,
2026
Mar 31,
2025
Net (Loss) Income
$
(1.7
)
$
99.7
Adjusted Consolidated Net Operating Income1
$
12.5
$
106.4
Impact of Catastrophe Losses and Related Loss Adjustment Expense (LAE) on Net (Loss) Income
$
(3.0
)
$
(5.6
)
Diluted Net (Loss) Income Per Share From:
Net (Loss) Income
$
(0.03
)
$
1.54
Adjusted Consolidated Net Operating Income1
$
0.21
$
1.65
Impact of Catastrophe Losses and Related LAE on Net (Loss) Income Per Share
$
(0.05
)
$
(0.09
)
Revenues
Total revenues for the first quarter of 2026 decreased $85.8 million to $1,107.2 million compared to the first quarter of 2025. The decline was primarily due to lower Specialty Personal Automobile volumes, a $28.0 million Florida Statutory Profit Limit Refund in the Specialty Property & Casualty Insurance segment, and a $12.7 million reduction in earned premiums from Non-Core Operations given the run-off of the Preferred Insurance business.
Segment Results
Unless otherwise noted, (i) the segment results discussed below are presented on an after-tax basis, (ii) prior-year development includes both catastrophe and non-catastrophe losses and LAE, (iii) catastrophe losses and LAE exclude the impact of prior-year development, (iv) loss ratio includes loss and LAE, and (v) all comparisons are made to the prior year quarter unless otherwise stated.
Three Months Ended
(Dollars in Millions) (Unaudited)
Mar 31,
2026
Mar 31,
2025
Segment Adjusted Net Operating Income:
Specialty Property & Casualty Insurance
$
0.1
$
97.9
Life Insurance
18.0
17.2
Total Segment Adjusted Net Operating Income
18.1
115.1
Corporate and Other Adjusted Net Operating Loss
(8.3
)
(11.4
)
Less: Net Loss attributable to Noncontrolling Interest
(2.7
)
(2.7
)
Adjusted Consolidated Net Operating Income1
12.5
106.4
Net (Loss) Income From:
Change in Fair Value of Equity and Convertible Securities
(1.0
)
0.1
Net Realized Investment Gains
0.3
0.7
Impairment Losses
(1.3
)
0.2
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs
(5.0
)
(4.2
)
Debt Extinguishment, Pension Settlement and Other Charges
—
0.4
Non-Core Operations
(7.2
)
(3.9
)
Net (Loss) Income attributable to Kemper Corporation
$
(1.7
)
$
99.7
The Specialty Property and Casualty Insurance segment reported adjusted net operating income of $0.1 million in the first quarter of 2026, compared to adjusted net operating income of $97.9 million in the first quarter of 2025. This decrease was due primarily to an increase in our Specialty Personal Automobile Underlying loss and LAE ratio1. Specialty Personal Automobile’s Underlying loss and LAE ratio1 was 87.7 percent, compared to 70.1 percent in the first quarter of 2025. The increase was primarily driven by higher claim severity and frequency in California, lower business volumes, as well as a $28.0 million Florida Statutory Profit Limit Refund, partially offset by higher average earned premiums per exposure resulting from rate increases.
The Life Insurance segment reported adjusted net operating income of $18.0 million for the first quarter of 2026, compared to adjusted net operating income of $17.2 million in the first quarter of 2025. The improvement was primarily driven by lower Insurance Expenses and higher Earned Premiums, partially offset by higher Policyholders’ Benefits from life insurance products.
Capital
Total Kemper Corporation Shareholders’ Equity as of March 31, 2026 was $2,649.6 million, a decrease of $31.8 million, or 1 percent, since year-end 2025 primarily driven by comprehensive losses and dividend payments. Kemper and its direct non-insurance subsidiaries ended the quarter with cash and investments of $80.2 million, and $600.0 million of available borrowing capacity under the revolving credit agreement.
On February 4, 2026, Kemper announced that its Board of Directors declared a quarterly dividend of $0.32 per share, or $18.3 million. The dividend was paid on March 3, 2026, to its shareholders of record as of February 17, 2026.
Kemper ended the quarter with a book value per share of $45.05, a decrease of 1 percent from $45.71 at the end of 2025. Adjusted book value per share1 was $27.79 at the end of the quarter, compared to $28.06 at the end of 2025.
Unaudited Condensed Consolidated Statements of (Loss) Income for the three months ended March 31, 2026 and 2025 are presented below.
Three Months Ended
(Dollars in Millions, Except Per Share Amounts)
Mar 31,
2026
Mar 31,
2025
Revenues:
Earned Premiums2
$
999.3
$
1,087.9
Net Investment Income
107.1
101.2
Other Income
3.4
2.6
Change in Fair Value of Equity and Convertible Securities
(1.3
)
0.1
Net Realized Investment Gains
0.4
0.9
Impairment Losses
(1.7
)
0.3
Total Revenues
1,107.2
1,193.0
Expenses:
Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses3
828.8
767.3
Insurance and Other Expenses
277.0
294.5
Interest Expense
9.3
11.4
Total Expenses
1,115.1
1,073.2
(Loss) Income before Income Taxes
(7.9
)
119.8
Income Tax (Benefit) Expense
(3.5
)
22.8
Net (Loss) Income
(4.4
)
97.0
Less: Net Loss attributable to Noncontrolling Interest
(2.7
)
(2.7
)
Net (Loss) Income attributable to Kemper Corporation
$
(1.7
)
$
99.7
Net (Loss) Income attributable to Kemper Corporation per Unrestricted Share:
Basic
$
(0.03
)
$
1.56
Diluted
$
(0.03
)
$
1.54
Weighted-average Outstanding (Shares in Thousands):
Unrestricted Shares - Basic
58,742.8
63,886.7
Unrestricted Shares and Equivalent Shares - Diluted
58,742.8
64,652.8
Dividends Paid to Shareholders per Share
$
0.32
$
0.32
2 Includes a remeasurement gain related to the deferred profit liability within the Life insurance business of $0.9 million and $0.2 million for the three months ended March 31, 2026 and 2025, respectively.
3 Includes a remeasurement gain of $0.4 million and a remeasurement loss of $0.2 million related to the liability for future policyholder benefits within the Life insurance business for the three months ended March 31, 2026 and 2025, respectively.
Unaudited business segment revenues for the three months ended March 31, 2026 and 2025 are presented below.
Three Months Ended
(Dollars in Millions)
Mar 31,
2026
Mar 31,
2025
REVENUES:
Specialty Property & Casualty Insurance:
Earned Premiums:
Personal Automobile
$
647.0
$
753.7
Commercial Automobile
238.2
208.5
Total Earned Premiums
885.2
962.2
Net Investment Income
55.3
50.5
Other Income
2.7
1.3
Total Specialty Property & Casualty Insurance Revenues
943.2
1,014.0
Life Insurance:
Earned Premiums:
Life
85.6
83.7
Accident & Health
5.3
5.5
Property
9.9
10.5
Total Earned Premiums
100.8
99.7
Net Investment Income
48.7
48.4
Other Income
0.3
0.7
Total Life Insurance Revenues
149.8
148.8
Total Segment Revenues
1,093.0
1,162.8
Change in Fair Value of Equity and Convertible Securities
(1.3
)
0.1
Non-Core Operations
15.4
27.9
Net Realized Investment Gains, Impairment Losses, and Other2
0.1
2.2
Total Revenues
$
1,107.2
$
1,193.0
2 In the fourth quarter of 2025, the Company elected to change the presentation of Net Realized Investment Gains (Losses), Impairment Losses, and Other by combining them into a single line item. Prior-period amounts have been recast to conform to the current-period presentation.
KEMPER CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in Millions)
(Unaudited)
Mar 31,
2026
Dec 31,
2025
Assets:
Investments:
Fixed Maturities at Fair Value
$
6,672.2
$
6,743.3
Equity Securities at Fair Value
308.4
306.4
Equity Method Limited Liability Investments
176.1
176.0
Short-term Investments at Cost which Approximates Fair Value
296.6
313.5
Company-Owned Life Insurance
586.2
579.2
Loans to Policyholders
279.6
279.9
Other Investments
283.9
271.3
Total Investments
8,603.0
8,669.6
Cash
92.1
124.3
Receivables from Policyholders
997.1
965.2
Other Receivables
185.3
184.7
Deferred Policy Acquisition Costs
669.6
655.4
Goodwill
1,250.7
1,250.7
Current Income Tax Assets
40.2
40.7
Deferred Income Tax Assets
95.2
96.9
Other Assets
406.2
410.7
Assets of Consolidated Variable Interest Entity
Fixed Maturities at Fair Value
47.2
42.1
Short-term Investments at Cost which Approximates Fair Value
9.2
14.4
Cash
0.5
1.7
Receivables from Policyholders
7.7
10.4
Other Receivables
0.5
0.4
Deferred Policy Acquisition Costs
1.0
1.3
Deferred Income Tax Assets
5.0
4.2
Total Assets
$
12,410.5
$
12,472.7
KEMPER CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
(Dollars in Millions)
(Unaudited)
Mar 31,
2026
Dec 31,
2025
Liabilities and Shareholders’ Equity:
Insurance Reserves:
Life & Health
$
3,238.9
$
3,287.5
Property & Casualty
2,999.5
2,910.8
Total Insurance Reserves
6,238.4
6,198.3
Unearned Premiums
1,274.1
1,233.1
Policyholder Obligations
568.2
608.0
Deferred Income Tax Liabilities
4.3
14.8
Accrued Expenses and Other Liabilities
702.4
762.6
Long-term Debt, Non-current, at Amortized Cost
944.0
943.5
Liabilities of Consolidated Variable Interest Entity
Insurance Reserves
31.8
29.4
Unearned Premiums
9.9
12.1
Accrued Expenses and Other Liabilities
2.3
1.5
Total Liabilities
9,775.4
9,803.3
Kemper Corporation Shareholders’ Equity:
Common Stock
5.9
5.9
Paid-in Capital
1,732.6
1,723.9
Retained Earnings
1,137.8
1,157.8
Accumulated Other Comprehensive Loss
(226.7
)
(206.2
)
Total Kemper Corporation Shareholders’ Equity
2,649.6
2,681.4
Noncontrolling Interest
(14.5
)
(12.0
)
Total Shareholders’ Equity
2,635.1
2,669.4
Total Liabilities and Shareholders’ Equity
$
12,410.5
$
12,472.7
Unaudited selected financial information for the Specialty Property & Casualty Insurance segment follows.
Three Months Ended
(Dollars in Millions)
Mar 31,
2026
Mar 31,
2025
Results of Operations
Net Premiums Written
$
925.0
$
1,068.8
Earned Premiums
$
885.2
$
962.2
Net Investment Income
55.3
50.5
Other Income
2.7
1.3
Total Revenues
943.2
1,014.0
Incurred Losses and LAE related to:
Current Year:
Non-catastrophe Losses and LAE
742.8
682.3
Catastrophe Losses and LAE
1.3
3.8
Prior Years:
Non-catastrophe Losses and LAE
3.2
0.5
Catastrophe Losses and LAE
0.4
0.2
Total Incurred Losses and LAE
747.7
686.8
Insurance Expenses
196.2
205.1
Segment Adjusted Operating (Loss) Income
(0.7
)
122.1
Income Tax (Benefit) Expense
(0.8
)
24.2
Total Segment Adjusted Net Operating Income
$
0.1
$
97.9
Ratios Based On Earned Premiums
Current Year Non-catastrophe Losses and LAE Ratio
84.0
%
70.9
%
Current Year Catastrophe Losses and LAE Ratio
0.1
0.4
Prior Years Non-catastrophe Losses and LAE Ratio
0.4
0.1
Prior Years Catastrophe Losses and LAE Ratio
—
—
Total Incurred Loss and LAE Ratio
84.5
71.4
Insurance Expense Ratio
22.2
21.3
Combined Ratio
106.7
%
92.7
%
Underlying Combined Ratio1
Current Year Non-catastrophe Losses and LAE Ratio
84.0
%
70.9
%
Insurance Expense Ratio
22.2
21.3
Underlying Combined Ratio1
106.2
%
92.2
%
Non-GAAP Measure Reconciliation
Combined Ratio
106.7
%
92.7
%
Less:
Current Year Catastrophe Losses and LAE Ratio
0.1
0.4
Prior Years Non-catastrophe Losses and LAE Ratio
0.4
0.1
Prior Years Catastrophe Losses and LAE Ratio
—
—
Underlying Combined Ratio1
106.2
%
92.2
%
Unaudited selected financial information for the Life Insurance segment follows.
Three Months Ended
(Dollars in Millions)
Mar 31,
2026
Mar 31,
2025
Results of Operations
Earned Premiums
$
100.8
$
99.7
Net Investment Income
48.7
48.4
Other Income
0.3
0.7
Total Revenues
149.8
148.8
Policyholders’ Benefits and Incurred Losses and LAE
64.0
62.2
Insurance Expenses
64.6
66.4
Segment Adjusted Operating Income
21.2
20.2
Income Tax Expense
3.2
3.0
Total Segment Adjusted Net Operating Income
$
18.0
$
17.2
Use of Non-GAAP Financial Measures
Adjusted Consolidated Net Operating Income1 is an after-tax, non-GAAP financial measure and is computed by excluding from Net (Loss) Income attributable to Kemper Corporation the after-tax impact of:
(i) Change in Fair Value of Equity and Convertible Securities;
(ii) Net Realized Investment Gains;
(iii) Impairment Losses;
(iv) Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs;
(v) Debt Extinguishment, Pension Settlement and Other Charges;
(vi) Goodwill Impairment Charges;
(vii) Non-Core Operations; and
(viii) Significant non-recurring or infrequent items that may not be indicative of ongoing operations
Significant non-recurring items are excluded when (a) the nature of the charge or gain is such that it is reasonably unlikely to recur within two years, and (b) there has been no similar charge or gain within the prior two years. The most directly comparable GAAP financial measure is Net (Loss) Income attributable to Kemper Corporation. There were no applicable significant non-recurring items that Kemper excluded from the calculation of Adjusted Consolidated Net Operating Income1 for the three months ended March 31, 2026 or 2025.
Kemper believes that Adjusted Consolidated Net Operating Income1 provides investors with a valuable measure of its ongoing performance because it reveals underlying operational performance trends that otherwise might be less apparent if the items were not excluded. Change in Fair Value of Equity and Convertible Securities, Net Realized Investment Gains and Impairment Losses related to investments included in Kemper’s results may vary significantly between periods and are generally driven by business decisions and external economic developments such as capital market conditions that impact the values of Kemper’s investments, the timing of which is unrelated to the insurance underwriting process. Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs may vary significantly between periods and are generally driven by the timing of acquisitions and business decisions which are unrelated to the insurance underwriting process. In the third quarter of 2025, a restructuring program was launched to achieve operational and organizational efficiencies. The Company will continue to evaluate additional efficiency opportunities through 2027. Debt Extinguishment, Pension Settlement and Other Charges relate to (i) loss from early extinguishment of debt, which is driven by Kemper’s financing and refinancing decisions and capital needs, as well as external economic developments such as debt market conditions, the timing of which is unrelated to the insurance underwriting process; (ii) settlement of pension plan obligations which are business decisions made by Kemper, the timing of which is unrelated to the underwriting process; and (iii) other charges that are non-standard, not part of the ordinary course of business, and unrelated to the insurance underwriting process. Goodwill Impairment Charges are excluded because they are infrequent and non-recurring charges. Non-Core Operations includes the results of our Preferred Insurance business which we expect to fully exit. These results are excluded because they are irrelevant to our ongoing operations and do not qualify for Discontinued Operations under Generally Accepted Accounting Principles ("GAAP"). Significant non-recurring items are excluded because, by their nature, they are not indicative of Kemper’s business or economic trends. The preceding non-GAAP financial measures should not be considered a substitute for the comparable GAAP financial measures, as they do not fully recognize the profitability of Kemper’s businesses.
A reconciliation of Net (Loss) Income attributable to Kemper Corporation to Adjusted Consolidated Net Operating Income1 for the three months ended March 31, 2026 and 2025 is presented below.
Three Months Ended
(Dollars in Millions) (Unaudited)
Mar 31,
2026
Mar 31,
2025
Net (Loss) Income attributable to Kemper Corporation
$
(1.7
)
$
99.7
Less Net (Loss) Income From:
Change in Fair Value of Equity and Convertible Securities
(1.0
)
0.1
Net Realized Investment Gains
0.3
0.7
Impairment Losses
(1.3
)
0.2
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs
(5.0
)
(4.2
)
Debt Extinguishment, Pension Settlement and Other Charges
—
0.4
Non-Core Operations
(7.2
)
(3.9
)
Adjusted Consolidated Net Operating Income1
$
12.5
$
106.4
Diluted Adjusted Net Operating Income per Unrestricted Share1 is a non-GAAP financial measure computed by dividing Adjusted Net Operating Income1 by the weighted-average unrestricted shares and equivalent shares outstanding. The most directly comparable GAAP financial measure is Diluted Net (Loss) Income per Unrestricted Share.
A reconciliation of Diluted Net Operating (Loss) Income per Unrestricted Share to Diluted Adjusted Net Operating Income per Unrestricted Share1 for the three months ended March 31, 2026 and 2025 is presented below.
Three Months Ended
(Unaudited)
Mar 31,
2026
Mar 31,
2025
Diluted Net Operating (Loss) Income attributable to Kemper Corporation per Unrestricted Share
$
(0.03
)
$
1.54
Less Net (Loss) Income per Unrestricted Share From:
Change in Fair Value of Equity and Convertible Securities
(0.02
)
—
Net Realized Investment Gains
0.01
0.01
Impairment Losses
(0.02
)
—
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs
(0.09
)
(0.07
)
Debt Extinguishment, Pension Settlement and Other Charges
—
0.01
Non-Core Operations
(0.12
)
(0.06
)
Diluted Adjusted Net Operating Income per Unrestricted Share1
$
0.21
$
1.65
Return on Adjusted Shareholders' Equity1 is a calculation that uses a non-GAAP financial measure. It is calculated by dividing the period’s annualized net income attributable to Kemper Corporation by the average shareholders’ equity excluding net unrealized gains and losses on fixed maturities, the change in discount rate on future life policyholder benefits and goodwill. Return on Shareholders’ Equity is the most directly comparable GAAP measure. We use this non-GAAP measure to identify and analyze the change in performance attributable to management efforts between periods. Kemper believes this non-GAAP financial measure is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period and are generally driven by economic developments, primarily capital market conditions, the magnitude and timing of which are not influenced by management. Kemper believes it enhances understanding and comparability of performance by highlighting underlying business activity and profitability drivers.
A reconciliation of Return on Shareholders’ Equity to Return on Adjusted Shareholders’ Equity1 is presented below:
Three Months Ended
(Dollars in Millions) (Unaudited)
Mar 31,
2026
Mar 31,
2025
Numerator:
Annualized Net (Loss) Income attributable to Kemper Corporation
$
(6.8
)
$
398.8
Denominator:
Average Shareholders' Equity2
$
2,665.5
$
2,853.0
Less: Average Net Unrealized Losses on Fixed Maturities
601.5
667.6
Less: Average Change in Discount Rate on Future Life Policyholder Benefits
(376.0
)
(373.2
)
Less: Average Goodwill
(1,250.7
)
(1,250.7
)
Average Adjusted Shareholders' Equity2
$
1,640.3
$
1,896.7
Return on Shareholders' Equity:
Return on Shareholders' Equity
(0.3
)%
14.0
%
Return on Adjusted Shareholders' Equity1
(0.4
)%
21.0
%
2 Average shareholders' equity and average adjusted shareholders’ equity is the simple average of the beginning and ending balances for the period. Average shareholders’ equity and average adjusted shareholders’ equity on a year-to-date basis is (a) the sum of the balance at the beginning of the year and the ending balance for each quarter within that year divided by (b) the number of quarters in the period presented plus one.
Underlying Combined Ratio1 is a non-GAAP financial measure. It is computed by adding the Current Year Non-catastrophe Losses and LAE Ratio with the Insurance Expense Ratio. The most directly comparable GAAP financial measure is the Combined Ratio, which is computed by adding Total Incurred Losses and LAE Ratio, including the impact of catastrophe losses and loss and LAE reserve development from prior years, with the Insurance Expense Ratio.
Kemper believes Underlying Losses and LAE and the Underlying Combined Ratio are useful to investors and uses these financial measures to reveal the trends in Kemper’s Property & Casualty Insurance segment that may be obscured by catastrophe losses and prior-year reserve development. These catastrophe losses may cause Kemper’s loss trends to vary significantly between periods as a result of their incidence of occurrence and magnitude and can have a significant impact on incurred losses and LAE and the Combined Ratio. Prior-year reserve developments are caused by unexpected loss development on historical reserves. Because reserve development relates to the re-estimation of losses from earlier periods, it has no bearing on the performance of Kemper’s insurance products in the current period. Kemper believes it is useful for investors to evaluate these components separately and in the aggregate when reviewing Kemper’s underwriting performance.
Adjusted Book Value Per Share1 is a calculation that uses a non-GAAP financial measure. It is calculated by dividing shareholders’ equity after excluding the after-tax impact of net unrealized gains and losses on fixed income securities, the change in discount rate on future life policyholder benefits and goodwill by total Common Shares Issued and Outstanding. Book value per share is the most directly comparable GAAP financial measure. Kemper uses the trends in book value per share excluding the after-tax impact of net unrealized gains and losses on fixed income securities, the change in discount rate on future life policyholder benefits and goodwill in conjunction with book value per share to identify and analyze the change in net worth excluding goodwill attributable to management efforts between periods. Kemper believes the non-GAAP financial measure is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period and are generally driven by economic developments, primarily capital market conditions, the magnitude and timing of which are not influenced by management. Kemper believes it enhances understanding and comparability of performance by highlighting underlying business activity and profitability drivers.
A reconciliation of Book Value Per Share to Adjusted Book Value Per Share1 is presented below:
As of
(Dollars and Shares in Millions Except Per Share Amounts) (Unaudited)
Mar 31,
2026
Dec 31,
2025
Numerator:
Kemper Corporation Shareholders’ Equity
$
2,649.6
$
2,681.4
Less: Net Unrealized Losses on Fixed Maturities
636.7
566.2
Less: Change in Discount Rate on Future Life Policyholder Benefits
(401.1
)
(350.8
)
Less: Goodwill
(1,250.7
)
(1,250.7
)
Adjusted Shareholders’ Equity
$
1,634.5
$
1,646.1
Denominator:
Common Shares Issued and Outstanding
58.821
58.667
Book Value Per Share:
Book Value Per Share
$
45.05
$
45.71
Less: Net Unrealized Losses on Fixed Maturities
10.82
9.65
Less: Change in Discount Rate on Future Life Policyholder Benefits
(6.82
)
(5.98
)
Less: Goodwill
(21.26
)
(21.32
)
Adjusted Book Value Per Share1
$
27.79
$
28.06
Conference Call
Kemper will host its conference call to discuss first quarter 2026 results on Wednesday, May 6, at 5:00 p.m. Eastern (4:00 p.m. Central). The conference call will be accessible via the internet and by telephone at 833.461.5787, Conference ID 496484973. To listen via webcast, register online at the investor section of kemper.com at least 15 minutes prior to the webcast to download and install any necessary software. A replay of the call will be available online at the investor section of kemper.com.
More detailed financial information can be found in Kemper’s Investor Financial Supplement and Earnings Call Presentation for the first quarter of 2026, which is available at the investor section of kemper.com.
About Kemper
The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $12 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.5 million policies, is represented by approximately 24,000 agents and brokers, and has approximately 7,300 associates dedicated to meeting the ever-changing needs of its customers.
Learn more about Kemper at kemper.com.
Caution Regarding Forward-Looking Statements
This press release may contain or incorporate by reference information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Such statements involve known and unknown risks, uncertainties, and other factors, including but not limited to:
changes in the frequency and severity of insurance claims; claim development and the process of estimating claim reserves; the impacts of inflation; changes in interest rate environment; supply chain disruption; product demand and pricing; effects of legislative, governmental and regulatory actions; heightened competition; litigation outcomes and trends; investment risks; cybersecurity risks or incidents; impact of catastrophes; and other risks and uncertainties detailed in Kemper’s Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission (“SEC”). Kemper assumes no obligation to publicly correct or update any forward-looking statements as a result of events or developments subsequent to the date of this press release.
Kemper (KMPR - Free Report) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -73.99%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.85 per share when it actually produced earnings of $0.25, delivering a surprise of -70.59%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Kemper, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $1.11 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 8.65%. This compares to year-ago revenues of $1.19 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Kemper shares have lost about 18.9% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Kemper?While Kemper has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Kemper was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.88 on $1.19 billion in revenues for the coming quarter and $3.96 on $4.69 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, MBIA (MBI - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This insurance and reinsurance company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of +31.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
MBIA's revenues are expected to be $20 million, down 25.9% from the year-ago quarter.
Kemper (KMPR - Free Report) reported $1.11 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 7%. EPS of $0.21 for the same period compares to $1.65 a year ago.
The reported revenue represents a surprise of -8.65% over the Zacks Consensus Estimate of $1.21 billion. With the consensus EPS estimate being $0.81, the EPS surprise was -73.99%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kemper performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Specialty Property & Casualty Insurance - Commercial Automobile Insurance - Total Incurred Loss and LAE Ratio: 76% versus the two-analyst average estimate of 76.2%.Specialty Property & Casualty Insurance - Personal Automobile Insurance - Total Incurred Loss and LAE Ratio: 87.6% versus the two-analyst average estimate of 79.5%.Revenues- Life Insurance- Earned Premiums: $100.8 million versus the three-analyst average estimate of $98.76 million. The reported number represents a year-over-year change of +1.1%.Revenues- Specialty Property & Casualty Insurance- Earned Premiums: $885.2 million versus $1 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8% change.Revenues- Net Investment Income: $107.1 million compared to the $107.75 million average estimate based on three analysts. The reported number represents a change of +5.8% year over year.Revenues- Life Insurance- Net Investment Income: $48.7 million versus the two-analyst average estimate of $48.35 million. The reported number represents a year-over-year change of +0.6%.Revenues- Specialty Property & Casualty Insurance- Total: $943.2 million versus $1.04 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7% change.Revenues- Specialty Property & Casualty Insurance- Earned Premiums- Personal Automobile: $647 million versus the two-analyst average estimate of $728.37 million. The reported number represents a year-over-year change of -14.2%.Revenues- Specialty Property & Casualty Insurance- Earned Premiums- Commercial Automobile: $238.2 million compared to the $250.82 million average estimate based on two analysts. The reported number represents a change of +14.2% year over year.Revenues- Life Insurance- Total: $149.8 million compared to the $146.29 million average estimate based on two analysts. The reported number represents a change of +0.7% year over year.Revenues- Specialty Property & Casualty Insurance- Net Investment Income: $55.3 million versus the two-analyst average estimate of $58.32 million. The reported number represents a year-over-year change of +9.5%.Revenues- Earned Premiums: $999.3 million compared to the $1.1 billion average estimate based on two analysts. The reported number represents a change of -8.1% year over year.View all Key Company Metrics for Kemper here>>>
Shares of Kemper have returned +3.5% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CocaCola (NYSE:KO) EVP Jennifer Mann Sells 23,984 SharesMarketBeat
CocaCola Company (The) (NYSE:KO - Get Free Report) EVP Jennifer Mann sold 23,984 shares of the firm's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the transaction, the executive vice president owned 157,400 shares of the company's stock, valued at approximately $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NYSE:KO
Read CocaCola (NYSE:KO) EVP Jennifer Mann Sells 23,984 Shares
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CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) today announced the appointment of Stephen J. McAnena as President and Chief Executive Officer, effective June 1. McAnena will also join Kemper's Board of Directors (the “Board”). Interim CEO, C. Thomas Evans, Jr., will return to his role as Kemper's Executive Vice President, Secretary, and General Counsel. McAnena is a seasoned insurance executive with more than 30 years of leadership experience across the property and casualty, group b.
[url="]Kemper Corporation[/url] (NYSE: KMPR) today announced the appointment of Stephen J. McAnena as President and Chief Executive Officer, effective June 1.
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) (the “Company”) today announced that it granted inducement equity awards to two new executives in connection with their commencement of employment with the Company. Effective June 1, 2026, Stephen J. McAnena, President and Chief Executive Officer, was granted an award of restricted stock units with respect to 27,945 shares of Kemper Corporation's common stock (“Common Stock”), an award of stock options (and tandem stock appreciation righ.
SAN DIEGO, June 10, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether Kemper Corporation (NYSE: KMPR) or certain of its executive officers violated state or federal securities laws. The investigation focuses on investors’ losses and whether they may be recoverable under federal securities laws.
What if I purchased Kemper securities?
If you purchased Kemper securities and suffered losses on your investment, join our investigation now: Click Here to Join the Investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471.
There is no cost or obligation to you.
Background of the Investigation
On May 6, 2026, Kemper stated that “[t]he increase in minimum liability limits effective January 1, 2025, has led to greater attorney involvement in claims and higher loss costs.” Management further admitted: “This trend has developed over several quarters.” Kemper also stated that although the relevant California rate filing was “6.9%” in aggregate, it was “about 50 points on bodily injury.”
In light of these disclosures, Johnson Fistel is investigating whether Kemper complied with federal securities laws. If you suffered losses, or are a long-term holder of Kemper stock, contact Johnson Fistel.
About Johnson Fistel, PLLP | Top Law Firm – Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder litigation involving securities fraud, breaches of fiduciary duties, and other violations of state and federal law.
Johnson Fistel has been recognized as one of the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services. In 2024, the firm recovered approximately $90,725,000 for investors.
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NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Kemper Corporation (“Kemper” or the “Company”) (NYSE:KMPR). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On May 6, 2026, Kemper stated that “[t]he increase in minimum liability limits effective January 1, 2025, has led to greater attorney involvement in claims and higher loss costs.” Management further admitted: “This trend has developed over several quarters.” Kemper also stated that although the relevant California rate filing was “6.9%” in aggregate, it was “about 50 points on bodily injury.” On this news, the price of Kemper shares declined by $3.37 per share, or approximately 10%, from $32.77 per share on May 6, 2026 to close at $29.40 on May 7, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired Kemper securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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Key Takeaways SLM Q1 EPS of $1.54 beat estimates and rose 10% y/y.Sallie Mae benefited from lower credit provisions and higher NII despite lower fee income.SLM raised the 2026 EPS outlook to $3.10-$3.20 on loan growth and planned share repurchases. SLM Corporation (SLM - Free Report) reported first-quarter 2026 earnings per share (EPS) of $1.54, beating the Zacks Consensus Estimate of $1.14. The metric rose 10% from the year-ago quarter.
The quarterly results benefited from a rise in net interest income (NII), lower provisions for credit losses, and disciplined decisions across funding, expenses and capital management, partially offset by a decline in non-interest income and an increase in expenses.
The company’s GAAP net income attributable to common stock was $304 million compared with $301 million in the year-ago quarter.
Sallie Mae’s NII & Expenses RiseFirst-quarter NII totaled $375.4 million, up from $374.9 million in the prior-year quarter. The metric beat the Zacks Consensus Estimate by 2.4%.
The quarterly net interest margin was 5.29%, expanding 2 basis points year over year.
Quarterly non-interest income was $185 million, down from $206 million in the year-ago quarter.
Non-interest expenses increased 10.7% year over year to $171 million. Compensation and benefits expenses rose 13.9% year over year to $103 million. Other operating expenses were $62 million, up 24.1% year over year.
SLM’s Credit Quality MixedIn the first quarter, the company reported provision benefits of $11 million, in contrast to provisions for credit losses of $23 million in the prior-year quarter.
Net charge-offs were $89 million in the reported quarter.
Delinquencies as a percentage of loans in repayment were 3.98% for the first quarter of 2026 compared with 3.58% in the prior-year quarter.
Loans in a hardship forbearance were 0.99% for the reported quarter compared with 0.92% in the year-ago quarter.
Sallie Mae’s Balance Sheet PositionAs of March 31, 2026, deposits totaled $20.5 billion, up from $20.1 billion in the year-ago quarter.
Private education loans held for investment, net, were $19.9 billion, down from $21.1 billion in the prior-year quarter.
Average loans outstanding, net, totaled $23.3 billion in the quarter. In the reported quarter, private education loan originations increased 5% year over year.
Key Ratios of SLMThe efficiency ratio was 30.6% compared with 26.6% in the year-ago quarter.
Return on assets was 4.2%, stable with the prior-year quarter.
Return on common equity was 56.4% compared with 60.1% in the year-ago quarter.
Sallie Mae Lifts 2026 Outlook as Growth Initiatives ExpandManagement raised the 2026 EPS guidance to $3.10-$3.20 (previous guidance was $2.70-$2.80). The updated view assumes full utilization of the $500-million share repurchase authorization in 2026 and roughly $1 billion of incremental loan sales beyond the initial plan.
Other elements of the company’s 2026 outlook were reaffirmed. Sallie Mae continues to expect year-over-year private education loan origination growth of 12-14%, net charge-offs of $345-$385 million and non-interest expenses of $750-$780 million. Executives also reiterated that the firm is preparing for expected multi-year growth tied to federal reforms affecting graduate lending, while continuing to build partnership capacity to support future flow sales.
Final Thoughts on SLMSallie Mae delivered a decent first-quarter performance, supported by stable NII, lower provisions for credit losses and strong loan sales. Growth in private education loan originations and continued capital deployment remain positives. However, higher expenses, a decline in non-interest income and elevated delinquency levels warrant close monitoring going forward.
SLM Corporation Price, Consensus and EPS Surprise
Currently, SLM carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance & Earnings Expectations of SLM’s PeersAlly Financial’s (ALLY - Free Report) first-quarter 2026 adjusted earnings of $1.11 per share surpassed the Zacks Consensus Estimate of 93 cents. The bottom line reflected a 90% jump from the year-ago quarter.
Results primarily benefited from a rise in net financing revenues and a sharp increase in other revenues. Lower expenses and an increase in loan and deposit balances were tailwinds for ALLY. However, a rise in provisions was an undermining factor.
Navient (NAVI - Free Report) is scheduled to announce first-quarter 2026 results on April 29.
Over the past seven days, the Zacks Consensus Estimate for NAVI’s quarterly earnings has been unchanged at 17 cents. This implies a 39.3% decline from the prior-year quarter’s actual.
Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer Named Co-Presidents of the Company
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced it has named Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer Co-Presidents of the company. Reporting to Chief Executive Officer Jon Witter, Graham and Palmer will partner to ensure alignment and execution of the company’s strategy. Graham and Palmer collectively oversee the company’s commercial businesses within their respective areas of responsibility, following the recent retirement of the company’s Chief Commercial Officer.
Graham has served as Executive Vice President and Chief Financial Officer since 2023 overseeing finance, accounting, and treasury activities, as well as equity and fixed-income investor relations. As Co-President and Chief Financial Officer, Graham will also oversee strategic partnerships and emerging lines of business.
Palmer has served as Executive Vice President, Chief Operational Officer, and President of Sallie Mae Bank since 2023. She previously served as Chief Risk Officer and Chief Risk and Compliance Officer for the company. As Co-President and Head of Financial Services, Palmer will lead the company’s core private education loan business as well as credit and operations.
“Pete and Kerri are exceptional leaders with deep experience who are helping drive our strong performance and disciplined growth strategy,” said Jon Witter, Chief Executive Officer, Sallie Mae. “As CEO, I remain fully focused on leading the company, and these appointments will further strengthen our ability to execute our strategy with depth and continuity as we deliver for our customers and shareholders.”
The appointments of Graham and Palmer as Co-Presidents reflect the company’s continued commitment to providing growth opportunities for its leaders to support the organization’s long-term success.
For more information visit www.salliemae.com.
Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
SLM Corporation (SLM) trades at a low 6.6x P/E, despite strong Q1 2026 results, high ROE, and dominant private student loan market share. Q1 2026 EPS beat at $1.54, with management raising full-year guidance to $3.10–$3.20, supported by a 5.29% net interest margin and aggressive capital returns. Rising overdue loans (3.98% vs. 3.58% YoY) and higher provisions highlight growing credit risk, partially masked by one-time reserve releases from loan sales.
When Chris Gray sold his Shark Tank-backed scholarship search startup Scholly to Sallie Mae in 2023, he thought he had it all. Now he’s suing the student loan giant for wrongful termination and alleging that it’s selling the data his app collected, which includes personal info on minors, without properly informing users.
Gray co-founded the company a decade prior with the hope of helping students more easily find college scholarships that were going untapped. Within two years, he nabbed sharks Daymond John and Lori Greiner as investors after an appearance on the show.
With the acquisition, Gray became one of the few Black venture-backed fintech founders to exit their company, despite receiving some blowback that he was “selling out.” “I think being one of the first Black tech companies to get acquired by a bank, that’s really a big achievement,” he said at the time.
He took a vice president role at Sallie Mae and expected to settle in nicely at his new gig, while helping scale Scholly and making it free to use, he said in an exclusive interview with TechCrunch.
What happened next is detailed in Gray’s lawsuit against Sallie Mae in Delaware Superior Court, and in a whistleblower complaint he submitted to the Securities and Exchange Commission, both of which he filed earlier this month.
He alleges Sallie Mae laid off his employees, including his co-founders, and then went back on promises that it wouldn’t sell the users’ data, according to a TechCrunch review of both filings. He claims the company fired him a year after the acquisition when he tried to raise concerns about data privacy issues. Gray is seeking backpay and punitive damages in the suit, plus legal costs.
Gray told TechCrunch that before he agreed to the sale, he believed Sallie Mae would be prohibited from disclosing or selling non-public personal information about Scholly customers to third parties because it was a federally regulated financial institution.
Now he alleges that his acquirer got around any such regulations by putting Scholly into a subsidiary that is selling the data — including age, gender, race, and other indicators of an individual’s financial need — to third parties like universities and advertisers, possibly without students’ full awareness.
“I sold Scholly to a regulated bank because I believed it would protect the students who trusted us,” Gray told TechCrunch. “Instead, I watched the company build a non-bank subsidiary to do things the bank itself can’t legally do: sell student data. That’s not the company I thought I was joining.”
Sallie Mae denied Gray’s allegations, calling them “without merit” and declined to answer TechCrunch’s questions about its data privacy practices.
“While we don’t comment on pending litigation, it’s unfortunate a former employee is making false accusations about our company following his departure nearly two years ago. We plan to vigorously defend ourselves against these claims which are without merit or substance,” Rick Castellano, the company’s vice president of corporate communications, said in an email.
Asked which specific accusations were “false,” Castellano declined to comment.
From Alabama to Shark Tank Gray grew up low-income in Birmingham, Alabama, with a single mother and two siblings. He felt the barriers to higher education were “real and immediate” for someone like him.
Aside from being expensive, he felt he lacked access to information to help him make proper decisions about where to go and how to afford it, a pressure that only compounded after his mother lost her job in the 2008 recession.
“That experience shaped how I thought about the scholarship system later,” he recalled, saying he began to view education and scholarship as “a problem of access rather than a problem of merit.”
As a teenager, when the time came for him to apply for scholarships, he found the process fragmented and inefficient, he said. There was no centralized search for him to find opportunities, and when he did find a website with scholarship options, there were thousands of listings, but no reliable way to filter to see what he was actually eligible for. Not to mention the scams and outdated listings that persisted on some sites.
Still, he applied to about 75 scholarships over the course of seven months using public computers and the internet at the library, and won around $1.3 million in scholarship funding, including from the Bill and Melinda Gates Foundation and the Coca-Cola Scholars Foundation.
He studied economics and entrepreneurship at Drexel University and met students facing a familiar roadblock. “Students kept asking for help finding scholarships,” he told TechCrunch. “The funding existed with hundreds of millions of dollars unclaimed each year, but the search process was broken.”
He started mapping out the eight core criteria that determined scholarship eligibility — age, location, major, GPA, race, gender, field of study, and financial need.
“That became the foundation of Scholly’s matching algorithm,” he said.
During his senior year, Gray, alongside Nick Pirollo and Bryson Alef, whom he met as Coca-Cola Scholars, officially launched Scholly in 2013. For just $0.99 a month, students could use the platform and filter by eligibility criteria. “That price kept the business sustainable without having to sell data or run ads,” he said.
Scholly switched to a freemium model after Gray pitched the idea on Shark Tank. The sharks clamored over his idea in what became the “worst fight in Shark Tank history,” according to one of the hosts who invested. Scholly grew to 5 million users and made more than $30 million in cumulative revenue, Gray said.
In March of 2023, Sallie Mae’s corporate development team reached out to Scholly. The bank had just bought the scholarship organization Nitro College a year prior and was trying to move more into the scholarship and college-planning space. “It was a natural fit,” Gray said, of why the student loan institution wanted Scholly.
Sallie Mae bought Scholly in July 2023, brought Gray and his co-founders on board as employees, and made Gray a vice president of product management.
In addition to promising that it would “make Scholly free for all students, families, and other users,” Sallie Mae CEO Jon Witter said in 2023 that the acquisition “allows us to harness and build on Scholly’s innovative technology to unlock future strategic growth opportunities.”
Sallie Mae vs. “Sallie” For Gray, the canary in the coal mine came one year after Scholly’s acquisition.
He alleges in the suit that Sallie Mae laid off the Scholly founding team, including his co-founders, in July 2024. Around this same time, Gray claims he heard Sallie Mae executives discuss plans for selling Scholly user data in meetings.
Gray alleges executives told him his position was safe, and that the company was just restructuring. But when he went on to raise further concerns about the possible selling of Scholly data, he claims in his suit he was fired before a scheduled meeting with Witter, the CEO, where he planned to discuss those issues.
After his departure, around December 2024, Sallie Mae launched “Sallie.com.” This website describes itself as an “education solutions company,” and became home to the Scholly platform. It is separate from the website for Sallie Mae, which is home to the bank that makes student loans.
The Sallie.com website says it’s owned by an entity called SLM Education Services, LLC. Gray contends in his lawsuit and whistleblower complaint that Sallie Mae is using SLM Education Services in order to sell the personal data collected by Scholly, since it is not a closely regulated financial services company like the Sallie Mae banking arm.
Sallie.com discloses that it sells the following customer data in its privacy policy to third parties: name, phone number, email addresses, age, race, gender, education records, and geolocation data. The third parties it sells this information to, it says, include ad networks, educational institutions, brands, and companies dedicated to reselling consumer data.
Sallie Mae also pays Sallie “for the referrral of student loan customers,” according to the Sallie.com “About” page.
Gray argues in his complaints that the Sallie.com website may be easily confused with the official Sallie Mae website because of similar layouts and “sallie” logos, increasing the risk that students may hand over personal data to what they believe to be a bank.
Gray’s suit goes on to allege that Sallie Mae used Scholly user data to create something called Backpack Media in March, which it bills as a “first-to-market education media network” that “offers brands efficient, scalable access to highly desirable, hard to reach audiences – Gen Z, Gen Alpha, and those involved in their purchasing decisions,” according to a Sallie press release.
Castellano declined to comment on Backpack Media’s sources for data.
This would not be the first time a Salle Mae-affiliated company has been accused of deceptive or misleading behavior.
A company called Navient, which split from Sallie Mae in 2014, has faced restitution orders from the Federal Deposit Insurance Corporation, Department of Justice, and the Department of Education for overcharges. It was sued by the Consumer Financial Protection Bureau and reached a $1.85 billion settlement with 39 attorneys general for over what the attorneys general described as predatory student loans.
Gray said he knew of these past legal issues, but that he doesn’t regret the sale of Scholly as it helped make the platform free for every student. In fact, he said if he could, he would make the same decision to sell all over again.
“But I’d also raise the same concerns again,” he said. “Because I believe we should live in a system where an executive can speak up and change the course of a company in line with the law and fair business practices.”
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Key Takeaways ENVA plans to acquire Grasshopper to add a national bank charter and expand lending and deposit reach.ENVA could lower funding costs by 300 to 400 bps using deposits, improving margins and flexibility.ENVA targets $175 to $230M revenue synergies in two years, with over 15% EPS accretion expected in year one. Enova International, Inc. (ENVA - Free Report) is trying to reshape its model with the planned acquisition of Grasshopper. The logic is straightforward: pair Enova’s online lending engine with a digital-first bank platform and bring a national bank charter into the mix.
If approvals come through and integration goes as planned, the deal could lower funding costs, widen product reach, and lift earnings power.
The path is not linear, though, and near-term expense and credit trends still matter.
ENVA’s Grasshopper Plan Adds a National Bank AngleStructurally, the transaction aims to combine Enova’s established online lending capabilities with Grasshopper’s digital-first banking infrastructure. That pairing is designed to create a tighter link between loan origination and a bank-based funding and deposit platform.
The national bank charter is the big unlock. It is expected to broaden access to both lending and deposit products, giving Enova more flexibility in how it funds loans and how it serves customers across the country.
Enova’s Funding Costs Could Improve With DepositsA key trend implication is the potential reset in Enova’s funding stack. Grasshopper’s deposit base is estimated to be 300–400 basis points cheaper than Enova’s existing securitization funding, which could materially change unit economics.
Lower funding costs typically allow a lender to price more competitively while maintaining returns, or to hold pricing steady and expand margins. Either way, cheaper deposits can improve balance-sheet flexibility by reducing reliance on capital markets timing and securitization conditions.
ENVA’s Synergy Targets Are Material in Two YearsManagement’s synergy targets are sizable relative to the scale of the move. The expectation is for revenue synergies of $175–$230 million within two years after close, with adjusted earnings per share accretion expected to exceed 15% in year one and rise beyond 25% as synergies mature.
Those figures create a clear “potential if executed” setup. The market will likely weigh these targets against integration complexity, the pace of deposit growth, and the time it takes to translate expanded product capacity into measurable originations and revenue.
ENVA’s Timeline and Approval Risk Are Part of the StoryThe timeline is not fully in management’s control. The deal is subject to regulatory approvals, including the Office of the Comptroller of the Currency and the Federal Reserve, as well as Grasshopper shareholder approval.
Closing is anticipated in the second half of 2026. Until those milestones are cleared, the market may treat synergy targets and funding benefits as probabilistic rather than assured, especially given the centrality of the charter and deposit platform to the strategic case.
The deal also comes with an investment phase, and the early signs are already visible. Acquisition-related expenses showed up in the first quarter of 2026, including $2.7 million of pre-tax costs tied to the transaction.
Expense ratios also remain elevated, with marketing, operations, technology, and general and administrative expense guidance for the second quarter signaling continued intensity. The core question for investors is whether this spending ultimately converts into sustained deposit traction, product expansion, and measurable synergy capture.
Enova’s What-To-Watch List as the Deal ProgressesThe first checkpoint is regulatory progress and the sequencing of required approvals. Clear milestones, timely filings, and transparent updates can reduce uncertainty around the closing window.
Next is evidence of funding mix improvement. Investors will want to see whether deposits begin to play a larger role and whether the implied 300–400 basis point cost advantage translates into reported funding costs and stronger lending economics.
Originations will be another key indicator, particularly as the product suite expands and the company tests broader reach across states and customer segments. Finally, watch whether expense intensity moderates as integration work stabilizes and whether early revenue synergies begin to show up in performance, validating the longer-term earnings accretion pathway.
ENVA’s Zacks Rank and Price PerformanceENVA carries a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Enova shares gained 74.4% in the past year compared with the industry’s rise of 34.7%.
Price Performance
Image Source: Zacks Investment Research
ENVA Peers Efforts to Expand InorganicallyCapital One’s (COF - Free Report) opportunistic buyouts over the years have been driving its revenues. In January 2026, it announced a deal to acquire Brex for $5.15 billion, which is expected to be closed in the middle of 2026. In May 2025, COF acquired Discover Financial in an all-stock transaction valued at $35.3 billion, reshaping the landscape of the credit card industry, creating a behemoth and unlocking substantial value for shareholders (the deal is expected to be more than 15% accretive to adjusted EPS by 2027).
Sallie Mae (SLM - Free Report) has made efforts to expand its business operations on the back of investments in varied product offerings and inorganic activities. In 2023, the company acquired several vital assets, technology, intellectual property, and the experienced staff of Scholly, a scholarship publishing and servicing platform. In 2022, Sallie Mae closed the deal with Epic Research LLC to acquire a digital marketing and education solutions company, Nitro College. Such inorganic moves are likely to aid SLM in becoming a holistic education solutions provider for students and drive loan originations for the company.
Complaint alleges Sallie Mae established a plan and scheme to circumvent federal data-privacy protections related to the use and disclosure of student data, and retaliated against the executive who reported it.
, /PRNewswire/ -- Christopher Gray, founder of scholarship-matching platform Scholly and current CEO of AI test-prep platform Path, has filed a whistleblower and data-privacy lawsuit against SLM Corporation (NASDAQ: SLM), the parent company of Sallie Mae Bank, and its non-bank subsidiary SLM Education Services, LLC, in Delaware Superior Court. The complaint alleges that Sallie Mae built a deliberate corporate structure to sell the personal data of millions of students, including minors, while evading the federal privacy law that would otherwise prohibit it.
Two SLM websites comparison At the heart of the complaint is a two-entity structure. Salliemae.com is operated by Sallie Mae Bank, a federally regulated, FDIC-insured bank covered by the Gramm-Leach-Bliley Act (GLBA), which prohibits banks from selling nonpublic personal financial information. Sallie.com website is almost identical, holds the same branding, including logo and brand colors, but is operated by a different entity: SLM Education Services, LLC, a non-bank subsidiary not subject to those restrictions. Sallie.com's publicly posted privacy policy states, in the company's own words, that it "sells" and "shares" personal information, including sensitive personal information, for advertising and marketing purposes.
The complaint alleges this architecture was designed to circumvent GLBA, which prohibits a financial institution from disclosing nonpublic personal information to nonaffiliated third parties, directly or through any affiliate.
The impact of this scheme reaches millions of users. On March 4, 2026, Sallie Mae publicly launched Backpack Media, an advertising platform operated through SLM Education Services. Its marketing materials offer brands access to an audience of "8.5 million students, families, and young professionals", most of them are minors looking for student loans and scholarships.
Gray has also filed a formal whistleblower complaint with the U.S. Securities and Exchange Commission's Office of the Whistleblower regarding the matters at issue in the litigation. By making these filings, Gray is protected under the anti-retaliation provisions of the Delaware Whistleblowers' Protection Act and Section 21F of the Securities Exchange Act, as amended by the Dodd-Frank Act. Any further retaliatory conduct by Sallie Mae, including continued pressure on Gray, his current company, or his former Scholly shareholders, is itself actionable under both statutes and subject to additional federal and state penalties.
Sallie Mae acquired Scholly in June 2023, and Gray joined the company as a senior executive. According to the complaint, he discovered the data-monetization plan and raised concerns internally. Executives knew Gray was planning to bring those concerns directly to Sallie Mae CEO Jon Witter at a breakfast meeting scheduled through the CEO's office. He was abruptly terminated before that meeting could take place.
After the termination, Sallie Mae's Chief Legal Officer, Nicholas Jafarieh, met with Gray's counsel. According to the complaint, he admitted the company "handled [Gray's] termination wrong." In the same meeting, he warned that Gray did not "want to make an enemy" of the company.
As alleged in the complaint, in the lead-up to the filing, Sallie Mae made repeated threats to compel Gray's claims into private, confidential arbitration to keep the allegations off the public record. When that pressure failed and Gray filed his complaint in open court on April 13, the company escalated in a different direction. Its outside counsel sent a demand letter to Gray's former Scholly shareholders and explicitly tied a threat of financial clawback to Gray's communications with the press.
"I built Scholly to help students access money for college, not to help a bank sell their personal information to advertisers," Gray said. "When I saw what was happening inside Sallie Mae, I reported it. What followed was a campaign to keep the matter out of public view — their response was to fire me, threaten me, and try to silence me. Sallie Mae borrowers and employees are typically bound by mandatory arbitration agreements that keep disputes out of open court. This case is different as I'm protected, I can speak and I will."
The complaint is a matter of public record in Delaware Superior Court. A copy is available upon request.
Christopher Gray is the founder of Scholly, a scholarship-matching platform that grew to 5 million users and helped students access more than $100 million in scholarship funding. Gray appeared on ABC's Shark Tank in 2015 and 2024 and was named to the Forbes 30 Under 30 list. Originally from Birmingham, Alabama, Gray won approximately $1 million in scholarships to attend college which inspired him to create Scholly. He is currently the founder and CEO of Path, an AI-powered test-prep platform for K-12 students. He is represented in this matter by Allen and Associates.
Path is an AI-powered test prep platform founded by Christopher Gray. The platform offers AI-driven test preparation for K-12 state exams, college admissions, and professional certifications.
Grant from The Sallie Mae Fund Will Expand Scholarship Access for Military Families
NEWARK, Del.--(BUSINESS WIRE)--In recognition of Military Appreciation Month, The Sallie Mae Fund today announced a contribution of $50,000 to Folds of Honor, a nonprofit organization dedicated to providing educational scholarships to the spouses and children of America’s fallen and disabled service members.
“The generosity of partners like Sallie Mae is what makes our mission possible,” said Allen Wronowski, regional impact officer, Folds of Honor. “Every scholarship we award is a direct result of organizations that believe, as we do, that children and spouses of our nation’s heroes deserve the chance to succeed. This contribution will make a real and lasting difference in the lives of military families across America.”
Since 2014, The Sallie Mae Fund has contributed a total of $635,000 to Folds of Honor, funding more than 100 scholarships for military families pursuing higher education nationwide.
“Our mission is grounded in expanding access to higher education and supporting student success,” said Nic Jafarieh, executive vice president, Sallie Mae. “The important work of Folds of Honor not only opens doors to higher education for deserving students but also serves as a powerful tribute to the servicemembers who made the ultimate sacrifice for our country. We are proud to continue to support those efforts.”
Sallie Mae’s commitment to veterans and service members extends beyond charitable giving. During Military Appreciation Month this May, team members will volunteer their time to support the Wilmington, Del. VA Medical Center. The company also employs a dedicated team of specially trained customer service advisors who work exclusively with military families to provide personalized support.
In addition, Sallie Mae offers free tools, resources, and access to scholarships to support veterans and military-connected students as they plan and pay for higher education.
Learn more at www.salliemae.com.
Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
Shares of Sallie Mae (SLM - Free Report) have gained 5.8% over the past four weeks to close the last trading session at $22.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $28.82 indicates a potential upside of 25.4%.
The mean estimate comprises 11 short-term price targets with a standard deviation of $3.66. While the lowest estimate of $22.00 indicates a 4.3% decline from the current price level, the most optimistic analyst expects the stock to surge 52.2% to reach $35.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for SLM, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why SLM Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, five estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 14%.
Moreover, SLM currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much SLM could gain, the direction of price movement it implies does appear to be a good guide.
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation (“SLM” or the “Company”) announced today the commencement of a cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 3.125% senior notes (the “Notes”) upon the terms and conditions described in the Company’s Offer to Purchase, dated May 6, 2026 (the “Offer to Purchase”).
Certain information regarding the Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below.
Title of
Security
CUSIP/ISIN
Number
Principal
Amount
Outstanding
U.S. Treasury
Reference
Security
Bloomberg
Reference
Page
Fixed
Spread
(basis
points)
3.125% Senior
Notes due
2026(1)
78442P GE0 /
US78442PGE07
$500,000,000
4.125% U.S. Treasury due October 31, 2026
FIT 3
+25
The “Purchase Price” for each $1,000 principal amount of the Notes validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase by reference to the fixed spread specified above plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified above, as quoted on the Bloomberg Bond Trader FIT 3 series of pages, at 2 p.m. New York City time, on May 12, 2026, the date on which the Tender Offer is currently scheduled to expire. The Purchase Price will be based on a yield to Nov. 2, 2026, the maturity date of the Notes, and assuming the Notes mature on such date, as described in the Offer to Purchase.
In addition to the Purchase Price, holders whose Notes are purchased pursuant to the Tender Offer will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the initial date on which the Company makes payment for such Notes, which date is currently expected to be May 15, 2026, assuming that the Tender Offer is not extended or earlier terminated.
The Tender Offer is being made pursuant to the terms and conditions contained in the Offer to Purchase and Notice of Guaranteed Delivery, copies of which may be obtained from D.F. King & Co., Inc., the tender agent and information agent for the Tender Offer, by calling (888) 626-0988 or, for banks and brokers, (212) 269-5550. Copies of the Offer to Purchase and Notice of Guaranteed Delivery are also available at the following web address: www.dfking.com/slm; or by requesting via email at [email protected].
The Tender Offer will expire at 5 p.m., New York City time, on May 12, 2026, unless extended or earlier terminated (such time and date, as the same may be extended, the “Expiration Time”). Tendered Notes may be withdrawn at any time before the Expiration Time. Holders of Notes must validly tender and not validly withdraw their Notes (or comply with the procedures for guaranteed delivery) before the Expiration Time to be eligible to receive the consideration for their Notes.
Settlement for all Notes tendered prior to the Expiration Time or pursuant to a Notice of Guaranteed Delivery is expected to be May 15, 2026, assuming that the Tender Offer is not extended or earlier terminated.
There can be no assurance that any Notes will be purchased. The Tender Offer is being made in connection with a contemporaneous offering of senior debt securities by the Company on terms and conditions (including, but not limited to, the amount of proceeds raised in such offering) satisfactory to the Company (the “New Notes Offering”). The Tender Offer is not conditioned upon any minimum amount of Notes being tendered. The Tender Offer may be amended, extended, terminated or withdrawn. Proceeds from the New Notes Offering will be used to repurchase Notes pursuant to the Tender Offer. The Tender Offer is conditioned upon, among other things, the completion of the New Notes Offering, and no assurance can be given that the New Notes Offering will be completed.
The Company expects to repay any Notes not tendered and accepted for purchase pursuant to the Tender Offer at their maturity. Subject to the completion of the New Notes Offering and the consummation of the Tender Offer, the Company expects to deposit with Deutsche Bank National Trust Company, as trustee funds sufficient to repay at their maturity the Notes not tendered and accepted for purchase pursuant to the Tender Offer, and thereby satisfy and discharge the indenture governing the Notes, as it applies to the Notes, shortly after the Settlement Date. The Company has retained J.P. Morgan Securities LLC to serve as the exclusive Dealer Manager for the Tender Offer. Questions regarding the terms of the Tender Offer may be directed to J.P. Morgan Securities LLC, Liability Management Desk, U.S. toll free at (866) 834-4666 or collect at (212) 834-7489.
This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the Tender Offer and does not constitute a notice of redemption for the Notes.
Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast,” “medium term,” “long term,” and other similar words. Such statements include, but are not limited to, statements about SLM’s (together with its subsidiaries, “Sallie Mae”) plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on Sallie Mae’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, among others, those set forth in Item 1A. “Risk Factors” and elsewhere in the SLM’s most recently filed Annual Report on Form 10-K, and other risks and uncertainties discussed from time to time in the SLM’s other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which Sallie Mae is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. Sallie Mae does not assume any obligation to publicly update, revise, or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements that occur after the date such statements were made. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. In light of these risks, uncertainties, and assumptions, you should not put undue reliance on any forward-looking statements herein.
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, announced that it priced its public offering of $500 million aggregate principal amount of 6.495% Fixed-to-Floating Rate Senior Notes due 2032 (the “Senior Notes”) at par.
J.P. Morgan Securities LLC and Barclays Capital Inc. are acting as joint book-running managers. BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC are acting as co-managers. The Senior Notes are expected to be issued on May 15, 2026, subject to customary closing conditions. SLM Corporation intends to use the net proceeds from the offering to fund the purchase of up to $500 million in aggregate principal amount of its 3.125% notes due 2026 (“2026 Notes”) accepted for purchase pursuant to the tender offer announced earlier today (“Tender Offer”), together with accrued and unpaid interest, and the payment of related fees and expenses. To the extent any net proceeds remain after the consummation of the Tender Offer, SLM Corporation intends to use such net proceeds to repay at their maturity any 2026 Notes that remain outstanding after the Tender Offer.
SLM Corporation has filed a registration statement (including a base prospectus and preliminary prospectus supplement dated May 6, 2026 (“Preliminary Prospectus Supplement”)) with the SEC for the Senior Notes offering, which registration statement became automatically effective upon filing on July 31, 2024. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the base prospectus and Preliminary Prospectus Supplement if you request it by calling J.P. Morgan Securities LLC at 1-212-834-4533 or by calling Barclays Capital Inc. at 1-888-603-5847.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of the Senior Notes may be made only by means of a prospectus supplement and accompanying base prospectus relating to this offering.
Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast,” “medium term,” “long term,” and other similar words. Such statements include, but are not limited to, statements about SLM Corporation’s (together with its subsidiaries, “Sallie Mae”) plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on Sallie Mae’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, among others, those set forth in Item 1A. “Risk Factors” and elsewhere in the SLM Corporation’s most recently filed Annual Report on Form 10-K, and other risks and uncertainties discussed from time to time in the SLM Corporation’s other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which Sallie Mae is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. Sallie Mae does not assume any obligation to publicly update, revise, or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements that occur after the date such statements were made. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. In light of these risks, uncertainties, and assumptions, you should not put undue reliance on any forward-looking statements herein.
