Arizona State Retirement System Sells 313 Shares of Kemper Co. (NYSE:KMPR)

Arizona State Retirement System decreased its holdings in Kemper Co. (NYSE:KMPR) by 1.7% during the 4th quarter, HoldingsChannel reports. The firm owned 17,907 shares of the insurance provider’s stock after selling 313 shares during the quarter. Arizona State Retirement System’s holdings in Kemper were worth $872,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KMPR. JPMorgan Chase & Co. increased its stake in shares of Kemper by 4.2% in the 1st quarter. JPMorgan Chase & Co. now owns 84,710 shares of the insurance provider’s stock valued at $4,789,000 after purchasing an additional 3,402 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Kemper by 16.1% in the 1st quarter. American Century Companies Inc. now owns 8,516 shares of the insurance provider’s stock valued at $481,000 after purchasing an additional 1,179 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Kemper by 20.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider’s stock valued at $134,000 after purchasing an additional 410 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Kemper by 14.9% in the 1st quarter. Bank of Montreal Can now owns 8,617 shares of the insurance provider’s stock valued at $489,000 after purchasing an additional 1,118 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Kemper by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 38,718 shares of the insurance provider’s stock valued at $2,189,000 after purchasing an additional 9,722 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KMPR shares. JMP Securities restated a “market outperform” rating and set a $75.00 price objective on shares of Kemper in a research report on Monday. Piper Sandler boosted their price objective on Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. UBS Group boosted their price objective on Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. TD Cowen started coverage on Kemper in a research report on Wednesday, January 10th. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, Raymond James boosted their price objective on Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $70.40.

Kemper Stock Up 3.0 %

Shares of KMPR opened at $56.37 on Wednesday. The company has a market capitalization of $3.63 billion, a PE ratio of -13.26 and a beta of 0.91. Kemper Co. has a 12 month low of $38.32 and a 12 month high of $64.69. The stock’s 50-day moving average price is $58.51 and its two-hundred day moving average price is $51.13. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55.

Kemper (NYSE:KMPR) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. On average, analysts anticipate that Kemper Co. will post 4.17 EPS for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, February 16th. Kemper’s dividend payout ratio is -29.18%.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.