New York State Teachers Retirement System Has $3.49 Million Stock Position in Kemper Co. (NYSE:KMPR)

New York State Teachers Retirement System reduced its stake in shares of Kemper Co. (NYSE:KMPR) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,551 shares of the insurance provider’s stock after selling 12,397 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Kemper worth $3,491,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KMPR. Westfield Capital Management Co. LP boosted its stake in Kemper by 81.1% in the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after buying an additional 375,324 shares in the last quarter. Bank of Montreal Can raised its position in Kemper by 1,070.6% in the third quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider’s stock valued at $8,526,000 after purchasing an additional 128,213 shares during the last quarter. JPMorgan Chase & Co. raised its position in Kemper by 102.9% in the third quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider’s stock valued at $12,358,000 after purchasing an additional 102,339 shares during the last quarter. Two Sigma Advisers LP raised its position in Kemper by 60.2% in the third quarter. Two Sigma Advisers LP now owns 236,400 shares of the insurance provider’s stock valued at $14,480,000 after purchasing an additional 88,800 shares during the last quarter. Finally, State Street Corp raised its position in Kemper by 3.9% in the third quarter. State Street Corp now owns 2,136,621 shares of the insurance provider’s stock valued at $130,868,000 after purchasing an additional 79,622 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Trading Down 1.7 %

NYSE KMPR opened at $64.16 on Friday. The business has a 50 day simple moving average of $65.97 and a 200 day simple moving average of $64.68. Kemper Co. has a one year low of $54.11 and a one year high of $73.01. The stock has a market capitalization of $4.10 billion, a P/E ratio of 13.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. Research analysts expect that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Kemper’s previous quarterly dividend of $0.31. Kemper’s dividend payout ratio (DPR) is 26.07%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler increased their target price on Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. TD Cowen raised their price objective on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Raymond James raised their price objective on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kemper has an average rating of “Buy” and a consensus target price of $81.60.

About Kemper

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.