Public Employees Retirement System of Ohio Sells 19,382 Shares of Kemper Co. (NYSE:KMPR)

Public Employees Retirement System of Ohio reduced its position in Kemper Co. (NYSE:KMPR) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,873 shares of the insurance provider’s stock after selling 19,382 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.22% of Kemper worth $8,599,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. YHB Investment Advisors Inc. acquired a new stake in shares of Kemper in the 1st quarter valued at approximately $25,000. Blue Trust Inc. boosted its stake in shares of Kemper by 211.1% in the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 361 shares in the last quarter. CWM LLC boosted its stake in shares of Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 348 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Kemper in the 1st quarter valued at approximately $36,000. Finally, Quest Partners LLC acquired a new stake in shares of Kemper in the 4th quarter valued at approximately $66,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMPR shares. JMP Securities raised their price target on shares of Kemper from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 17th. Piper Sandler lifted their target price on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $71.40.

Kemper Trading Up 1.5 %

Shares of NYSE KMPR traded up $0.94 during midday trading on Tuesday, reaching $65.43. The stock had a trading volume of 6,260 shares, compared to its average volume of 392,810. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of -33.92 and a beta of 0.89. Kemper Co. has a twelve month low of $38.32 and a twelve month high of $65.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21. The company’s 50 day moving average price is $59.90 and its 200 day moving average price is $59.02.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.01 billion. Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the firm posted ($1.02) EPS. As a group, sell-side analysts expect that Kemper Co. will post 4.67 EPS for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a $0.31 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. Kemper’s dividend payout ratio (DPR) is currently -65.26%.

Insider Transactions at Kemper

In related news, Director Gerald Laderman acquired 5,000 shares of the stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $61.01 per share, for a total transaction of $305,050.00. Following the purchase, the director now directly owns 16,700 shares of the company’s stock, valued at approximately $1,018,867. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.20% of the company’s stock.

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.