California Public Employees Retirement System Increases Stock Holdings in Kemper Co. (NYSE:KMPR)

California Public Employees Retirement System increased its stake in Kemper Co. (NYSE:KMPR - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,703 shares of the insurance provider's stock after acquiring an additional 5,082 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Kemper worth $7,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMPR. Pictet Asset Management Holding SA raised its holdings in Kemper by 2.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider's stock valued at $547,000 after acquiring an additional 206 shares in the last quarter. Norges Bank purchased a new stake in shares of Kemper in the 4th quarter valued at approximately $14,016,000. PKS Advisory Services LLC acquired a new stake in shares of Kemper in the 4th quarter valued at $233,000. Modern Wealth Management LLC purchased a new stake in shares of Kemper during the 4th quarter worth $241,000. Finally, Prudential Financial Inc. grew its stake in shares of Kemper by 3,378.5% during the fourth quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock worth $15,724,000 after purchasing an additional 214,367 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMPR. Raymond James raised their price target on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a research note on Thursday, December 26th. Piper Sandler raised their target price on 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 Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $81.60.

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Kemper Stock Performance

Shares of KMPR traded down $1.31 during midday trading on Friday, reaching $56.80. 722,961 shares of the stock were exchanged, compared to its average volume of 362,720. Kemper Co. has a twelve month low of $53.57 and a twelve month high of $73.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 11.57 and a beta of 1.05. The business's 50-day moving average price is $65.34 and its 200 day moving average price is $65.62.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. On average, sell-side analysts expect that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.32 dividend. This is an increase from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 2.25%. Kemper's dividend payout ratio is 26.07%.

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.