Teacher Retirement System of Texas Increases Stock Holdings in Kemper Co. (NYSE:KMPR)

Teacher Retirement System of Texas raised its stake in shares of Kemper Co. (NYSE:KMPR) by 108.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,659 shares of the insurance provider’s stock after purchasing an additional 20,069 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Kemper worth $2,569,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Kemper by 3.9% during the third quarter. State Street Corp now owns 2,136,621 shares of the insurance provider’s stock valued at $130,868,000 after buying an additional 79,622 shares during the period. Boston Partners boosted its position in Kemper by 108.2% during the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider’s stock valued at $73,363,000 after acquiring an additional 574,730 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kemper by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider’s stock worth $61,933,000 after acquiring an additional 9,412 shares during the period. Bank of New York Mellon Corp raised its position in shares of Kemper by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock worth $36,080,000 after acquiring an additional 28,807 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Kemper by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 425,221 shares of the insurance provider’s stock valued at $28,252,000 after purchasing an additional 28,196 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Raymond James upped their price target on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 26th. Piper Sandler upped their target price on shares of Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kemper presently has an average rating of “Buy” and a consensus price target of $81.60.

Kemper Trading Up 0.1 %

NYSE KMPR opened at $67.70 on Thursday. The stock’s fifty day moving average price is $66.60 and its 200-day moving average price is $65.53. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.33 billion, a P/E ratio of 13.79 and a beta of 0.88. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. As a group, equities analysts forecast that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.32 dividend. This is a positive change from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Tuesday, February 18th. Kemper’s payout ratio is presently 26.07%.

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.