Kemper Co. (NYSE:KMPR) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Kemper Co. (NYSE:KMPR) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,506 shares of the insurance provider’s stock after selling 700 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kemper were worth $316,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in Kemper by 211.1% during the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 361 shares during the period. Pacer Advisors Inc. raised its stake in Kemper by 78.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,052 shares of the insurance provider’s stock valued at $441,000 after purchasing an additional 3,991 shares during the period. Raymond James & Associates raised its stake in Kemper by 9.4% during the 4th quarter. Raymond James & Associates now owns 57,463 shares of the insurance provider’s stock valued at $2,797,000 after purchasing an additional 4,937 shares during the period. SG Americas Securities LLC acquired a new stake in Kemper during the 4th quarter valued at $119,000. Finally, BKM Wealth Management LLC acquired a new stake in Kemper during the 4th quarter valued at $148,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

KMPR has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Piper Sandler upped their price target on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Raymond James upped their price target on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Finally, TD Cowen initiated coverage on shares of Kemper in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price target on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $70.40.

Kemper Trading Up 1.1 %

NYSE KMPR opened at $56.01 on Friday. The company has a market capitalization of $3.60 billion, a PE ratio of -13.18 and a beta of 0.91. Kemper Co. has a 1-year low of $38.32 and a 1-year high of $64.69. The firm’s fifty day simple moving average is $58.55 and its 200-day simple moving average is $50.88. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. As a group, sell-side analysts anticipate that Kemper Co. will post 4.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, February 16th. Kemper’s dividend payout ratio is presently -29.18%.

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.