State of New Jersey Common Pension Fund D Purchases 6,046 Shares of Kemper Co. (NYSE:KMPR)

State of New Jersey Common Pension Fund D raised its position in shares of Kemper Co. (NYSE:KMPR) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,955 shares of the insurance provider’s stock after acquiring an additional 6,046 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kemper were worth $2,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its position in Kemper by 24.8% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,989 shares of the insurance provider’s stock valued at $180,140,000 after acquiring an additional 852,100 shares during the last quarter. Wellington Management Group LLP increased its position in Kemper by 3.8% during the third quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock valued at $173,408,000 after acquiring an additional 150,584 shares during the last quarter. Victory Capital Management Inc. increased its position in Kemper by 3.4% during the third quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider’s stock valued at $40,817,000 after acquiring an additional 31,480 shares during the last quarter. New South Capital Management Inc. increased its position in Kemper by 20.4% during the third quarter. New South Capital Management Inc. now owns 934,506 shares of the insurance provider’s stock valued at $39,277,000 after acquiring an additional 158,188 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in Kemper by 21.8% during the third quarter. Ceredex Value Advisors LLC now owns 399,700 shares of the insurance provider’s stock valued at $16,799,000 after acquiring an additional 71,550 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Kemper Price Performance

Shares of Kemper stock opened at $58.64 on Tuesday. 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 Co. has a 1 year low of $38.32 and a 1 year high of $64.69. The firm’s 50-day moving average is $58.47 and its two-hundred day moving average is $52.18.

Kemper (NYSE:KMPR) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, sell-side analysts anticipate that Kemper Co. will post 4.5 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, February 16th. Kemper’s payout ratio is -29.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Raymond James upped their price target on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. JMP Securities restated a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a report on Monday, April 15th. UBS Group upped their price target on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, February 5th. TD Cowen assumed coverage on shares of Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Piper Sandler upped their price target on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $70.40.

About Kemper

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.