Arizona State Retirement System raised its position in shares of Kemper Corp (NYSE:KMPR) by 27.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,213 shares of the insurance provider’s stock after acquiring an additional 9,221 shares during the quarter. Arizona State Retirement System owned about 0.07% of Kemper worth $3,476,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in Kemper by 502.6% during the second quarter. Public Employees Retirement System of Ohio now owns 57,876 shares of the insurance provider’s stock valued at $4,378,000 after acquiring an additional 48,271 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Kemper during the second quarter valued at about $14,950,000. Verition Fund Management LLC acquired a new position in shares of Kemper during the second quarter valued at about $269,000. Natixis raised its holdings in shares of Kemper by 48.5% during the second quarter. Natixis now owns 153,063 shares of the insurance provider’s stock valued at $11,579,000 after purchasing an additional 49,982 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Kemper by 3.3% during the first quarter. Principal Financial Group Inc. now owns 214,511 shares of the insurance provider’s stock valued at $12,227,000 after purchasing an additional 6,888 shares during the period. 50.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE KMPR opened at $76.13 on Friday. Kemper Corp has a 1-year low of $50.85 and a 1-year high of $87.00. The stock has a market cap of $4.97 billion, a PE ratio of 46.42 and a beta of 1.11. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.37.
Kemper (NYSE:KMPR) last posted its earnings results on Monday, November 5th. The insurance provider reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.39. Kemper had a net margin of 6.63% and a return on equity of 9.56%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 73.2% compared to the same quarter last year. Equities analysts anticipate that Kemper Corp will post 4.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. Kemper’s dividend payout ratio is presently 58.54%.
In related news, VP Carl Thomas Jr. Evans sold 2,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $78.70, for a total value of $157,400.00. Following the sale, the vice president now owns 965 shares in the company, valued at approximately $75,945.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George N. Cochran bought 500 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was acquired at an average price of $83.55 per share, for a total transaction of $41,775.00. Following the acquisition, the director now directly owns 9,428 shares in the company, valued at $787,709.40. The disclosure for this purchase can be found here. Corporate insiders own 0.92% of the company’s stock.
Several equities analysts have recently weighed in on KMPR shares. Sandler O’Neill upgraded shares of Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, July 25th. ValuEngine lowered shares of Kemper from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods started coverage on shares of Kemper in a report on Thursday, November 1st. They set a “market perform” rating and a $80.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Kemper has a consensus rating of “Hold” and a consensus target price of $84.00.
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Kemper Company Profile
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.
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