Renaissance Technologies LLC increased its position in shares of Kemper Corporation (NYSE:KMPR – Free Report) by 34.7% in the 1st quarter, HoldingsChannel reports. The fund owned 381,410 shares of the insurance provider’s stock after acquiring an additional 98,200 shares during the period. Renaissance Technologies LLC’s holdings in Kemper were worth $11,656,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank boosted its stake in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Kemper during the fourth quarter worth $32,000. Danske Bank A S purchased a new stake in shares of Kemper during the 3rd quarter valued at $36,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Kemper by 616.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 814 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Kemper by 11,455.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 1,031 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.
Kemper Trading Down 2.6%
NYSE:KMPR opened at $28.35 on Friday. The company has a market capitalization of $1.67 billion, a P/E ratio of 45.72 and a beta of 1.04. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. Kemper Corporation has a 12 month low of $22.69 and a 12 month high of $62.46. The firm has a fifty day simple moving average of $27.02 and a 200-day simple moving average of $30.80.
Kemper Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. Kemper’s dividend payout ratio is currently 206.45%.
Wall Street Analyst Weigh In
KMPR has been the topic of several research analyst reports. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group decreased their price target on Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Piper Sandler lowered their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Kemper has an average rating of “Reduce” and a consensus price target of $51.75.
View Our Latest Report on KMPR
Kemper Company Profile
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.
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