New York State Common Retirement Fund Sells 1,157 Shares of Kemper Corporation (NYSE:KMPR)

New York State Common Retirement Fund decreased its stake in Kemper Corporation (NYSE:KMPR) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,555 shares of the insurance provider’s stock after selling 1,157 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of Kemper worth $9,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KMPR. Ameriprise Financial Inc. raised its stake in shares of Kemper by 4.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider’s stock valued at $82,271,000 after buying an additional 52,290 shares in the last quarter. No Street GP LP raised its stake in shares of 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 in the last quarter. Driehaus Capital Management LLC raised its stake in shares of Kemper by 17.0% in the 4th quarter. Driehaus Capital Management LLC now owns 934,571 shares of the insurance provider’s stock valued at $62,093,000 after buying an additional 135,499 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Kemper by 69.2% in the 4th quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider’s stock valued at $60,661,000 after buying an additional 374,798 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Kemper by 83.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 730,175 shares of the insurance provider’s stock valued at $48,813,000 after buying an additional 331,770 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

KMPR has been the subject of a number of research analyst reports. Piper Sandler cut their price target on Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Wall Street Zen cut Kemper from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $79.40.

Kemper Stock Performance

NYSE:KMPR opened at $61.75 on Friday. The stock’s 50-day simple moving average is $63.24 and its 200 day simple moving average is $63.80. The firm has a market capitalization of $3.95 billion, a PE ratio of 11.54 and a beta of 1.28. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32. Kemper Corporation has a twelve month low of $53.57 and a twelve month high of $73.01.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, beating 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 analyst estimates of $1.21 billion. During the same period last year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts anticipate that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

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

Insider Buying and Selling

In other news, Director Gerald Laderman acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average price of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the acquisition, the director directly owned 21,635 shares in the company, valued at $1,346,562.40. The trade was a 13.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alberto J. Paracchini acquired 500 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average price of $61.71 per share, with a total value of $30,855.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders own 6.20% of the company’s stock.

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.