Kemper Co. (NYSE:KMPR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Kemper Co. (NYSE:KMPR) by 5.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,731 shares of the insurance provider’s stock after selling 1,917 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Kemper worth $2,005,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. LRI Investments LLC acquired a new stake in shares of Kemper in the first quarter valued at about $36,000. Bayesian Capital Management LP purchased a new position in Kemper in the 1st quarter worth approximately $342,000. Janus Henderson Group PLC boosted its holdings in shares of Kemper by 12.7% during the 1st quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock worth $31,919,000 after purchasing an additional 57,979 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Kemper by 84.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock valued at $2,472,000 after purchasing an additional 18,290 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Kemper by 161.0% in the first quarter. Boston Partners now owns 263,432 shares of the insurance provider’s stock valued at $16,297,000 after purchasing an additional 162,508 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

KMPR has been the subject of a number of recent research reports. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. UBS Group boosted their target price on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. TD Cowen raised their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Piper Sandler upped their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Raymond James increased their price objective on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $79.00.

Kemper Price Performance

KMPR opened at $71.61 on Monday. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 17.05 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. The stock’s 50-day moving average price is $63.83 and its 200 day moving average price is $61.72. Kemper Co. has a 12-month low of $42.32 and a 12-month high of $72.82.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned ($0.44) EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Kemper Co. will post 5.36 earnings per share for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, November 18th. Kemper’s dividend payout ratio is currently 29.52%.

Kemper 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.