Quantinno Capital Management LP Has $15.20 Million Holdings in Kemper Corporation $KMPR

Quantinno Capital Management LP lessened its stake in Kemper Corporation (NYSE:KMPR) by 22.7% in the first quarter, Holdings Channel reports. The firm owned 497,499 shares of the insurance provider’s stock after selling 146,367 shares during the quarter. Quantinno Capital Management LP’s holdings in Kemper were worth $15,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SummitTX Capital L.P. raised its position in shares of Kemper by 108.4% in the 1st quarter. SummitTX Capital L.P. now owns 13,874 shares of the insurance provider’s stock valued at $424,000 after buying an additional 7,217 shares in the last quarter. Lazard Asset Management LLC bought a new position in Kemper in the first quarter valued at approximately $212,000. Renaissance Technologies LLC raised its position in Kemper by 34.7% during the first quarter. Renaissance Technologies LLC now owns 381,410 shares of the insurance provider’s stock valued at $11,656,000 after purchasing an additional 98,200 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Kemper by 5.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 672,685 shares of the insurance provider’s stock worth $20,557,000 after purchasing an additional 32,753 shares during the last quarter. Finally, Caxton Associates LLP boosted its holdings in shares of Kemper by 18.4% in the 1st quarter. Caxton Associates LLP now owns 146,177 shares of the insurance provider’s stock valued at $4,467,000 after purchasing an additional 22,669 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Performance

NYSE KMPR opened at $28.35 on Monday. The firm’s fifty day moving average price is $27.02 and its two-hundred day moving average price is $30.74. The stock has a market cap of $1.67 billion, a PE ratio of 45.72 and a beta of 1.04. Kemper Corporation has a fifty-two week low of $22.69 and a fifty-two week high of $62.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.60). Kemper had a return on equity of 4.80% and a net margin of 0.89%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company posted $1.65 earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. On average, equities analysts expect that Kemper Corporation will post 1.94 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, May 18th. Kemper’s dividend payout ratio is presently 206.45%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. UBS Group reduced their price objective on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $51.75.

About Kemper

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.