Dimensional Fund Advisors LP Lowers Stake in Kemper Corporation $KMPR

Dimensional Fund Advisors LP lessened its position in Kemper Corporation (NYSE:KMPR) by 4.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,367,866 shares of the insurance provider’s stock after selling 104,410 shares during the period. Dimensional Fund Advisors LP’s holdings in Kemper were worth $72,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KMPR. AQR Capital Management LLC boosted its position in Kemper by 40.1% during the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after acquiring an additional 795,131 shares during the last quarter. Millennium Management LLC raised its holdings in Kemper by 129.8% in the 3rd quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock valued at $57,512,000 after acquiring an additional 630,241 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Kemper during the 4th quarter worth $24,324,000. Assenagon Asset Management S.A. purchased a new position in shares of Kemper during the 1st quarter worth $18,074,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kemper during the fourth quarter worth $20,730,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

KMPR has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Zacks Research downgraded Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a report on Friday, June 12th. Finally, UBS Group dropped their price objective on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $51.75.

Kemper Stock Down 2.6%

Shares of KMPR opened at $28.35 on Friday. Kemper Corporation has a fifty-two week low of $22.69 and a fifty-two week high of $62.46. The company’s fifty day moving average is $27.02 and its two-hundred day moving average is $30.80. The firm has a market cap of $1.67 billion, a PE ratio of 45.72 and a beta of 1.04. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.36.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.60). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Kemper had a return on equity of 4.80% and a net margin of 0.89%.The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.65 earnings per share. Analysts forecast that Kemper Corporation will post 1.94 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, May 18th. Kemper’s payout ratio is 206.45%.

Kemper Profile

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.