New York State Common Retirement Fund Has $5.16 Million Position in Kemper Co. (NYSE:KMPR)

New York State Common Retirement Fund cut its stake in Kemper Co. (NYSE:KMPR) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,109 shares of the insurance provider’s stock after selling 7,867 shares during the quarter. New York State Common Retirement Fund’s holdings in Kemper were worth $5,164,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KMPR. Fuller & Thaler Asset Management Inc. increased its stake in Kemper by 24.8% in 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 purchasing an additional 852,100 shares in the last quarter. Wellington Management Group LLP raised its stake in Kemper by 3.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock worth $173,408,000 after buying an additional 150,584 shares during the period. First Eagle Investment Management LLC lifted its holdings in Kemper by 390.6% during the third quarter. First Eagle Investment Management LLC now owns 147,220 shares of the insurance provider’s stock worth $6,188,000 after acquiring an additional 117,210 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in Kemper by 53.7% in the third quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider’s stock valued at $12,700,000 after acquiring an additional 105,624 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Kemper by 3.4% in the third quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider’s stock worth $40,817,000 after acquiring an additional 31,480 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Stock Up 1.0 %

Shares of NYSE KMPR opened at $58.98 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. Kemper Co. has a 1-year low of $38.32 and a 1-year high of $64.69. The company has a fifty day moving average price of $58.50 and a 200 day moving average price of $52.46.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned ($1.02) earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities analysts expect that Kemper Co. will post 4.5 EPS for the current year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.10%. Kemper’s dividend payout ratio is -65.26%.

Wall Street Analyst Weigh In

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

Kemper 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.