Retirement Systems of Alabama Buys 268 Shares of Kemper Co. (NYSE:KMPR)

Retirement Systems of Alabama increased its position in Kemper Co. (NYSE:KMPR) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,450 shares of the insurance provider’s stock after acquiring an additional 268 shares during the quarter. Retirement Systems of Alabama owned about 0.12% of Kemper worth $3,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Kemper by 211.1% during the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after buying an additional 361 shares during the last quarter. SG Americas Securities LLC bought a new stake in Kemper in the 4th quarter valued at $119,000. BKM Wealth Management LLC purchased a new stake in Kemper in the 4th quarter worth $148,000. Quadrature Capital Ltd purchased a new position in shares of Kemper during the third quarter valued at about $217,000. Finally, Connable Office Inc. increased its holdings in shares of Kemper by 25.2% in the third quarter. Connable Office Inc. now owns 6,193 shares of the insurance provider’s stock worth $260,000 after purchasing an additional 1,247 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on KMPR shares. UBS Group increased their target price on Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, February 5th. TD Cowen initiated coverage on shares of Kemper in a research report on Wednesday, January 10th. They set an “outperform” rating and a $70.00 target price on the stock. Raymond James lifted their price target on Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. JMP Securities reiterated a “market outperform” rating and issued a $75.00 target price on shares of Kemper in a report on Monday, April 15th. Finally, Piper Sandler increased their price target on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $70.40.

Kemper Stock Down 0.2 %

Shares of NYSE KMPR opened at $60.35 on Wednesday. The company has a market cap of $3.89 billion, a P/E ratio of -31.76 and a beta of 0.89. The firm has a 50-day simple moving average of $58.60 and a two-hundred day simple moving average of $52.81. Kemper Co. has a 1 year low of $38.32 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm earned ($1.02) EPS. Kemper’s revenue was down 11.7% compared to the same quarter last year. Research analysts anticipate that Kemper Co. will post 4.5 earnings per share for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, May 10th. Kemper’s payout ratio is presently -65.26%.

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.