Mutual of America Capital Management LLC Has $2.07 Million Stock Holdings in Kemper Corporation (NYSE:KMPR)

Mutual of America Capital Management LLC trimmed its position in shares of Kemper Corporation (NYSE:KMPR) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,914 shares of the insurance provider’s stock after selling 888 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kemper were worth $2,067,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Kemper by 87.0% in the first quarter. GAMMA Investing LLC now owns 1,337 shares of the insurance provider’s stock worth $89,000 after acquiring an additional 622 shares during the period. KBC Group NV increased its holdings in Kemper by 14.3% in the first quarter. KBC Group NV now owns 2,948 shares of the insurance provider’s stock worth $197,000 after purchasing an additional 369 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Kemper by 16.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,516 shares of the insurance provider’s stock valued at $1,973,000 after acquiring an additional 4,258 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Kemper by 5.1% during the first quarter. New York State Teachers Retirement System now owns 55,238 shares of the insurance provider’s stock valued at $3,693,000 after acquiring an additional 2,687 shares in the last quarter. Finally, CX Institutional bought a new stake in shares of Kemper during the first quarter valued at approximately $38,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Trading Down 0.4%

KMPR opened at $61.75 on Friday. Kemper Corporation has a 52 week low of $53.57 and a 52 week high of $73.01. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.95 billion, a PE ratio of 11.54 and a beta of 1.28. The business has a 50 day moving average of $63.24 and a 200-day moving average of $63.80.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $1.07 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts predict that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

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

Insider Activity

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

Analyst Ratings Changes

KMPR has been the topic of several research analyst reports. Piper Sandler cut their price objective on Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Wall Street Zen lowered Kemper from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $79.40.

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.