Kemper Co. (NYSE:KMPR) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in shares of Kemper Co. (NYSE:KMPR) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,450 shares of the insurance provider’s stock after acquiring an additional 268 shares during the quarter. Retirement Systems of Alabama’s holdings in Kemper were worth $3,672,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James & Associates grew its stake in shares of Kemper by 33.0% during the third quarter. Raymond James & Associates now owns 52,526 shares of the insurance provider’s stock worth $2,208,000 after purchasing an additional 13,029 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kemper by 12.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,843 shares of the insurance provider’s stock worth $540,000 after buying an additional 1,379 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Kemper by 12.8% during the 3rd quarter. Inspire Investing LLC now owns 7,291 shares of the insurance provider’s stock worth $306,000 after acquiring an additional 829 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Kemper by 14.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,793 shares of the insurance provider’s stock valued at $412,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Kemper during the 3rd quarter worth about $409,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

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

Kemper Stock Down 0.2 %

Kemper stock opened at $60.35 on Wednesday. Kemper Co. has a twelve month low of $38.32 and a twelve month high of $64.69. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $58.60 and a two-hundred day moving average of $52.81. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -31.76 and a beta of 0.89.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted ($1.02) earnings per share. Kemper’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, research analysts expect that Kemper Co. will post 4.5 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, May 10th. Kemper’s dividend payout ratio is presently -65.26%.

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.