State Board of Administration of Florida Retirement System Sells 5,106 Shares of Kemper Corp. (KMPR)
State Board of Administration of Florida Retirement System lowered its stake in Kemper Corp. (NYSE:KMPR) by 12.3% during the second quarter, Holdings Channel reports. The institutional investor owned 36,559 shares of the company’s stock after selling 5,106 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of Kemper Corp. worth $1,133,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KMPR. Norges Bank acquired a new stake in shares of Kemper Corp. during the fourth quarter worth about $16,064,000. Emerald Acquisition Ltd. acquired a new stake in shares of Kemper Corp. during the second quarter worth about $4,548,000. Goldman Sachs Group Inc. increased its stake in shares of Kemper Corp. by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 164,561 shares of the company’s stock worth $4,866,000 after buying an additional 35,837 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Kemper Corp. by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,373,911 shares of the company’s stock worth $40,627,000 after buying an additional 31,172 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Kemper Corp. by 83.2% in the first quarter. Prudential Financial Inc. now owns 57,045 shares of the company’s stock worth $1,687,000 after buying an additional 25,900 shares during the period. Hedge funds and other institutional investors own 57.61% of the company’s stock.
Kemper Corp. (NYSE:KMPR) traded up 1.44% on Thursday, reaching $37.93. The company had a trading volume of 166,093 shares. The stock’s 50 day moving average price is $36.98 and its 200-day moving average price is $32.78. The stock has a market capitalization of $1.94 billion, a PE ratio of 43.90 and a beta of 0.98. Kemper Corp. has a 12-month low of $23.51 and a 12-month high of $41.65.
Kemper Corp. (NYSE:KMPR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.23. Kemper Corp. had a net margin of 1.80% and a return on equity of 2.25%. The firm earned $627.20 million during the quarter, compared to the consensus estimate of $610.01 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts expect that Kemper Corp. will post $1.00 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, August 11th. Kemper Corp.’s payout ratio is 111.63%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Kemper Corp. from a “buy” rating to a “strong sell” rating in a research report on Tuesday, July 19th. TheStreet raised Kemper Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Langen Mcalenn cut Kemper Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Janney Montgomery Scott cut Kemper Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. Finally, William Blair reissued a “market perform” rating on shares of Kemper Corp. in a research note on Saturday, September 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Kemper Corp. has a consensus rating of “Hold” and a consensus price target of $38.00.
Kemper Corp. Company Profile
Kemper Corporation is a diversified insurance holding company. The Company, through the subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company, through its subsidiaries, is engaged in the property and casualty insurance and life and health insurance businesses.
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