Louisiana State Employees Retirement System Takes $795,000 Position in Kemper Corporation $KMPR

Louisiana State Employees Retirement System purchased a new position in Kemper Corporation (NYSE:KMPR) during the 1st quarter, Holdings Channel.com reports. The firm purchased 26,000 shares of the insurance provider’s stock, valued at approximately $795,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Wyoming boosted its holdings in Kemper by 4.7% in the second quarter. State of Wyoming now owns 4,431 shares of the insurance provider’s stock worth $286,000 after acquiring an additional 199 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Kemper by 7.9% during the second quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider’s stock valued at $314,000 after acquiring an additional 355 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Kemper by 27.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 369 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Kemper by 24.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock worth $80,000 after purchasing an additional 389 shares in the last quarter. Finally, Huntington National Bank grew its position in Kemper by 187.1% during the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMPR. Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Piper Sandler lowered their price objective on Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. UBS Group cut their target price 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 reissued a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $51.75.

Kemper Stock Performance

NYSE:KMPR traded up $0.69 during trading hours on Tuesday, reaching $29.50. The company had a trading volume of 16,563 shares, compared to its average volume of 1,070,204. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 47.77 and a beta of 1.04. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average price is $27.89 and its 200-day moving average price is $32.29. Kemper Corporation has a 52 week low of $22.69 and a 52 week high of $63.81.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business’s revenue was down 7.2% on a year-over-year basis. On average, analysts forecast that Kemper Corporation will post 2.03 EPS for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. Kemper’s dividend payout ratio (DPR) is presently 206.45%.

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.