Hsbc Holdings PLC lifted its holdings in Kemper Corporation (NYSE:KMPR – Free Report) by 1,888.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,186 shares of the insurance provider’s stock after purchasing an additional 203,417 shares during the quarter. Hsbc Holdings PLC’s holdings in Kemper were worth $6,577,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its position in Kemper by 14.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the insurance provider’s stock valued at $410,000 after buying an additional 1,700 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Kemper in the first quarter worth about $1,622,000. Inspire Investing LLC boosted its holdings in Kemper by 46.0% in the first quarter. Inspire Investing LLC now owns 16,847 shares of the insurance provider’s stock worth $515,000 after acquiring an additional 5,307 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Kemper by 14.5% during the first quarter. Pictet Asset Management Holding SA now owns 9,974 shares of the insurance provider’s stock worth $305,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Kemper during the first quarter worth about $795,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
Kemper Stock Up 0.9%
Kemper stock opened at $27.70 on Friday. 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’s 50-day simple moving average is $27.03 and its two-hundred day simple moving average is $31.17. The company has a market cap of $1.63 billion, a PE ratio of 44.69 and a beta of 1.04. Kemper Corporation has a fifty-two week low of $22.69 and a fifty-two week high of $62.46.
Kemper Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, May 18th. Kemper’s dividend payout ratio is 206.45%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. UBS Group dropped their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research note on Friday, June 12th. Finally, Zacks Research cut shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $51.75.
Read Our Latest Analysis on Kemper
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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