State of Alaska Department of Revenue Purchases 475 Shares of Kemper Co. (NYSE:KMPR)

State of Alaska Department of Revenue raised its holdings in shares of Kemper Co. (NYSE:KMPR) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,036 shares of the insurance provider’s stock after acquiring an additional 475 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kemper were worth $430,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KMPR. Khrom Capital Management LLC boosted its holdings in shares of Kemper by 414.0% during the 1st quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock valued at $26,332,000 after purchasing an additional 342,519 shares during the last quarter. Millennium Management LLC raised its stake in Kemper by 1,336.4% during the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after purchasing an additional 317,212 shares in the last quarter. Lighthouse Investment Partners LLC increased its stake in Kemper by 815.0% during the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock worth $17,889,000 after acquiring an additional 268,569 shares during the last quarter. AQR Capital Management LLC raised its position in Kemper by 254.1% during the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock valued at $20,398,000 after purchasing an additional 251,036 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Kemper by 65.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock valued at $37,012,000 after purchasing an additional 246,184 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Trading Up 3.2 %

NYSE:KMPR opened at $67.83 on Friday. The company has a market capitalization of $4.34 billion, a P/E ratio of 16.15 and a beta of 0.85. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper Co. has a 12 month low of $38.52 and a 12 month high of $68.12. The firm has a fifty day simple moving average of $61.92 and a 200-day simple moving average of $60.89.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted ($0.44) EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio is currently 29.52%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMPR. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Raymond James upped their price objective on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 8th. Piper Sandler raised their target price on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. UBS Group upped their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $76.20.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.