Intech Investment Management LLC Has $7.46 Million Holdings in Kemper Corporation $KMPR

Intech Investment Management LLC raised its stake in Kemper Corporation (NYSE:KMPR) by 833.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,009 shares of the insurance provider’s stock after acquiring an additional 164,291 shares during the quarter. Intech Investment Management LLC’s holdings in Kemper were worth $7,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Huntington National Bank increased its position in Kemper by 187.1% in the 4th quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 421 shares in the last quarter. Hantz Financial Services Inc. increased its position in Kemper by 181.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,654 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 1,067 shares in the last quarter. Algebris UK Ltd. acquired a new stake in Kemper in the 4th quarter valued at about $6,951,000. Covestor Ltd increased its position in Kemper by 104.7% in the 4th quarter. Covestor Ltd now owns 2,207 shares of the insurance provider’s stock valued at $89,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Versor Investments LP increased its position in Kemper by 60.5% in the 4th quarter. Versor Investments LP now owns 14,595 shares of the insurance provider’s stock valued at $592,000 after acquiring an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

KMPR has been the topic of several recent research reports. Citizens Jmp lowered shares of Kemper from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 5th. Piper Sandler reduced their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Kemper from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 17th. UBS Group dropped their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research downgraded shares of Kemper from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $51.75.

Kemper Trading Down 3.2%

Shares of Kemper stock opened at $24.62 on Friday. The firm has a 50-day moving average of $30.83 and a 200-day moving average of $34.79. The stock has a market cap of $1.45 billion, a PE ratio of 39.71 and a beta of 1.16. Kemper Corporation has a 52-week low of $24.40 and a 52-week high of $65.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.18.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Kemper had a net margin of 0.89% and a return on equity of 4.80%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 EPS. As a group, sell-side analysts forecast that Kemper Corporation will post 2.3 EPS for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, May 18th. Kemper’s payout ratio is presently 206.45%.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.