Louisiana State Employees Retirement System bought a new position in shares of Kemper Corporation (NYSE:KMPR – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,000 shares of the insurance provider’s stock, valued at approximately $795,000.
Several other hedge funds and other institutional investors have also bought and sold shares of KMPR. State of Wyoming increased its holdings in Kemper by 4.7% in the second quarter. State of Wyoming now owns 4,431 shares of the insurance provider’s stock worth $286,000 after purchasing an additional 199 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Kemper by 7.9% in the 2nd quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider’s stock worth $314,000 after acquiring an additional 355 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Kemper by 27.0% during the first quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock valued at $115,000 after buying an additional 369 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Kemper by 24.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock worth $80,000 after acquiring an additional 389 shares during the last quarter. Finally, Huntington National Bank grew its position in Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 421 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group decreased their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kemper currently has an average rating of “Reduce” and an average price target of $51.75.
Kemper Trading Up 2.4%
Shares of NYSE KMPR traded up $0.69 during trading hours on Tuesday, hitting $29.50. The company’s stock had a trading volume of 16,563 shares, compared to its average volume of 1,070,204. Kemper Corporation has a 12 month low of $22.69 and a 12 month high of $63.81. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 47.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18. The business has a 50-day simple moving average of $27.89 and a 200-day simple moving average of $32.29.
Kemper (NYSE:KMPR – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 EPS. On average, analysts anticipate that Kemper Corporation will post 2.03 earnings per share for the current fiscal year.
Kemper Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a dividend of $0.32 per share. The ex-dividend date was Monday, May 18th. This represents a $1.28 annualized dividend and a dividend yield of 4.3%. Kemper’s payout ratio is currently 206.45%.
Kemper 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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