Amalgamated Bank Sells 2,420 Shares of Kemper Co. (NYSE:KMPR)

Amalgamated Bank trimmed its position in shares of Kemper Co. (NYSE:KMPR) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,611 shares of the insurance provider’s stock after selling 2,420 shares during the quarter. Amalgamated Bank’s holdings in Kemper were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. YHB Investment Advisors Inc. purchased a new stake in shares of Kemper during the first quarter valued at approximately $25,000. CWM LLC increased its position in shares of Kemper by 257.8% during the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 348 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Kemper during the 1st quarter worth $36,000. Blue Trust Inc. boosted its holdings in shares of Kemper by 89.0% in the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock worth $75,000 after buying an additional 572 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Kemper during the fourth quarter valued at about $66,000. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KMPR. StockNews.com cut shares of Kemper from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. Raymond James increased their price objective on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a report on Thursday, August 8th. JMP Securities upped their price target on Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 6th. Piper Sandler lifted their price objective on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Finally, UBS Group upped their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. One equities research 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 data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $76.20.

Kemper Stock Performance

Shares of KMPR opened at $60.55 on Thursday. Kemper Co. has a 52-week low of $38.32 and a 52-week high of $65.93. The stock’s 50-day simple moving average is $61.75 and its 200 day simple moving average is $60.04. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -31.87 and a beta of 0.85.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.23. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.02 billion. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.26) earnings per share. Research analysts forecast that Kemper Co. will post 5.17 EPS for the current fiscal year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.31 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.24 annualized dividend and a dividend yield of 2.05%. Kemper’s payout ratio is currently -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.