Voya Investment Management LLC Sells 33,239 Shares of Kemper Corporation $KMPR

Voya Investment Management LLC decreased its holdings in Kemper Corporation (NYSE:KMPR) by 36.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,551 shares of the insurance provider’s stock after selling 33,239 shares during the quarter. Voya Investment Management LLC’s holdings in Kemper were worth $2,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KMPR. Brighton Jones LLC acquired a new position in shares of Kemper in the 2nd quarter valued at about $490,000. Moran Wealth Management LLC bought a new stake in Kemper in the second quarter worth approximately $608,000. Versor Investments LP bought a new stake in Kemper in the second quarter worth approximately $1,870,000. Bryce Point Capital LLC acquired a new position in Kemper in the second quarter valued at approximately $742,000. Finally, Integrated Quantitative Investments LLC bought a new position in shares of Kemper during the 2nd quarter worth approximately $976,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Stock Performance

Shares of KMPR stock opened at $40.95 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $41.19 and a two-hundred day simple moving average of $51.07. Kemper Corporation has a 12 month low of $33.91 and a 12 month high of $72.25. The firm has a market capitalization of $2.40 billion, a PE ratio of 10.69 and a beta of 1.15.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Kemper had a net margin of 5.13% and a return on equity of 11.48%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. Analysts forecast that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, November 17th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, November 17th. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. Kemper’s payout ratio is 33.42%.

Wall Street Analysts Forecast Growth

KMPR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research report on Monday, December 22nd. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. William Blair downgraded shares of Kemper from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 18th. Raymond James Financial lowered shares of Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a report on Wednesday, October 15th. Finally, Piper Sandler cut their price objective on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Kemper presently has an average rating of “Reduce” and an average price target of $56.67.

Kemper Profile

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.