Public Employees Retirement System of Ohio Sells 55 Shares of Kemper Corporation (KMPR)
Public Employees Retirement System of Ohio lessened its holdings in shares of Kemper Corporation (NYSE:KMPR) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,167 shares of the insurance provider’s stock after selling 55 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kemper Corporation were worth $199,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Kemper Corporation by 15,823.5% in the first quarter. BlackRock Inc. now owns 4,643,923 shares of the insurance provider’s stock valued at $185,293,000 after purchasing an additional 4,614,759 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Kemper Corporation by 217.9% in the second quarter. Westwood Holdings Group Inc. now owns 828,927 shares of the insurance provider’s stock valued at $32,190,000 after purchasing an additional 568,157 shares during the period. Vanguard Group Inc. raised its position in shares of Kemper Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,459,695 shares of the insurance provider’s stock valued at $138,041,000 after purchasing an additional 185,850 shares during the period. Rafferty Asset Management LLC bought a new position in shares of Kemper Corporation in the second quarter valued at approximately $4,424,000. Finally, Renaissance Technologies LLC bought a new position in shares of Kemper Corporation in the first quarter valued at approximately $4,473,000. 57.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on KMPR shares. BidaskClub raised shares of Kemper Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 5th. UBS AG raised shares of Kemper Corporation from a “market perform” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. TheStreet raised shares of Kemper Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Kemper Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $55.50.
In other Kemper Corporation news, Director Susan D. Whiting purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $49.06 per share, for a total transaction of $49,060.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $49,060. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.92% of the company’s stock.
Kemper Corporation (NYSE:KMPR) opened at $66.95 on Friday. Kemper Corporation has a 52-week low of $36.35 and a 52-week high of $68.13. The stock has a market cap of $3,411.23, a price-to-earnings ratio of 38.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.17 and a current ratio of 0.17.
Kemper Corporation (NYSE:KMPR) last announced its earnings results on Monday, October 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.57. Kemper Corporation had a net margin of 4.32% and a return on equity of 4.47%. The business had revenue of $690.30 million for the quarter, compared to analyst estimates of $680.90 million. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. Kemper Corporation’s revenue was up 7.7% compared to the same quarter last year. analysts expect that Kemper Corporation will post 1.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Monday, November 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, November 10th. Kemper Corporation’s dividend payout ratio (DPR) is currently 43.24%.
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Kemper Corporation Company Profile
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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