Kemper Corporation $KMPR Stock Holdings Decreased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in Kemper Corporation (NYSE:KMPR) by 60.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,734 shares of the insurance provider’s stock after selling 14,947 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kemper were worth $628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Kemper by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 2,759,405 shares of the insurance provider’s stock worth $184,466,000 after purchasing an additional 20,899 shares during the last quarter. Boston Partners increased its position in shares of Kemper by 14.3% in the 1st quarter. Boston Partners now owns 1,263,961 shares of the insurance provider’s stock worth $83,357,000 after purchasing an additional 158,102 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Kemper by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 1,258,844 shares of the insurance provider’s stock worth $84,154,000 after purchasing an additional 342,649 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Kemper by 8.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,192,664 shares of the insurance provider’s stock worth $79,730,000 after purchasing an additional 97,770 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Kemper by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,786 shares of the insurance provider’s stock valued at $37,288,000 after buying an additional 77,764 shares during the period. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KMPR shares. JMP Securities decreased their price target on shares of Kemper from $85.00 to $75.00 and set a “market outperform” rating for the company in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kemper in a report on Wednesday, October 8th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Raymond James Financial lowered shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a report on Wednesday, October 15th. Finally, Wall Street Zen lowered shares of Kemper from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.25.

Kemper Trading Down 3.4%

Kemper stock opened at $42.28 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $50.17 and a two-hundred day moving average price of $56.91. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 7.96 and a beta of 1.23. Kemper Corporation has a 52-week low of $42.24 and a 52-week high of $73.01.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). Kemper had a return on equity of 14.39% and a net margin of 7.18%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Sell-side analysts expect that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper announced that its board has approved a share repurchase program on Tuesday, August 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 12.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Monday, November 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, November 17th. Kemper’s payout ratio is 24.11%.

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.