Kemper Corporation $KMPR Holdings Decreased by First Trust Advisors LP

First Trust Advisors LP cut its position in shares of Kemper Corporation (NYSE:KMPR) by 20.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 618,863 shares of the insurance provider’s stock after selling 159,781 shares during the period. First Trust Advisors LP’s holdings in Kemper were worth $18,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Kemper by 40.1% during the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after purchasing an additional 795,131 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Kemper by 12.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,776,543 shares of the insurance provider’s stock valued at $143,131,000 after buying an additional 316,216 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Kemper by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,472,276 shares of the insurance provider’s stock valued at $100,227,000 after buying an additional 140,539 shares during the last quarter. State Street Corp grew its position in shares of Kemper by 0.5% during the 2nd quarter. State Street Corp now owns 2,212,025 shares of the insurance provider’s stock valued at $142,764,000 after buying an additional 10,213 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Kemper by 4.4% during the fourth quarter. Millennium Management LLC now owns 1,164,410 shares of the insurance provider’s stock worth $47,205,000 after acquiring an additional 48,750 shares during the period. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Down 0.6%

Kemper stock opened at $30.74 on Thursday. 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 Corporation has a one year low of $22.69 and a one year high of $62.46. The company has a 50-day simple moving average of $27.06 and a 200-day simple moving average of $30.90. The firm has a market capitalization of $1.81 billion, a P/E ratio of 49.58 and a beta of 1.04.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.60). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 earnings per share. As a group, equities analysts expect that Kemper Corporation will post 1.94 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.32 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. Kemper’s dividend payout ratio (DPR) is presently 206.45%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. UBS Group dropped their price target on Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $51.75.

Kemper Company 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.