Arizona State Retirement System Sells 327 Shares of Kemper Corporation (NYSE:KMPR)

Arizona State Retirement System reduced its holdings in Kemper Corporation (NYSE:KMPR) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,371 shares of the insurance provider’s stock after selling 327 shares during the period. Arizona State Retirement System’s holdings in Kemper were worth $1,228,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in Kemper by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider’s stock valued at $82,271,000 after acquiring an additional 52,290 shares during the last quarter. No Street GP LP increased its holdings in Kemper by 5.3% in the 4th quarter. No Street GP LP now owns 1,100,000 shares of the insurance provider’s stock valued at $73,084,000 after buying an additional 55,000 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of Kemper by 17.0% during the 4th quarter. Driehaus Capital Management LLC now owns 934,571 shares of the insurance provider’s stock valued at $62,093,000 after purchasing an additional 135,499 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Kemper by 69.2% during the 4th quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider’s stock valued at $60,661,000 after purchasing an additional 374,798 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Kemper by 83.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 730,175 shares of the insurance provider’s stock worth $48,813,000 after buying an additional 331,770 shares during the period. Institutional investors own 86.23% of the company’s stock.

Insider Activity

In other news, Director Gerald Laderman bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average cost of $62.24 per share, with a total value of $155,600.00. Following the completion of the transaction, the director directly owned 21,635 shares in the company, valued at $1,346,562.40. This represents a 13.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alberto J. Paracchini acquired 500 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were bought at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the acquisition, the director directly owned 10,323 shares of the company’s stock, valued at approximately $637,032.33. This represents a 5.09% increase in their position. The disclosure for this purchase can be found here. 6.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMPR. Piper Sandler reduced their price target on shares of Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of Kemper from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kemper presently has an average rating of “Buy” and a consensus price target of $79.40.

Kemper Price Performance

KMPR stock opened at $61.75 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.95 billion, a PE ratio of 11.54 and a beta of 1.28. Kemper Corporation has a 12-month low of $53.57 and a 12-month high of $73.01. The business’s fifty day moving average price is $63.24 and its 200 day moving average price is $63.80.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, sell-side analysts anticipate that Kemper Corporation will post 6.03 EPS for the current year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, May 19th. Kemper’s dividend payout ratio is currently 23.93%.

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.