Kemper Co. (NYSE:KMPR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in Kemper Co. (NYSE:KMPR - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,712 shares of the insurance provider's stock after selling 13,378 shares during the period. New York State Common Retirement Fund owned 0.21% of Kemper worth $9,083,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State Street Corp boosted its holdings in shares of Kemper by 3.9% in the 3rd 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kemper by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider's stock valued at $61,933,000 after buying an additional 9,412 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Kemper by 81.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider's stock valued at $51,333,000 after buying an additional 375,324 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Kemper by 8.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 335,140 shares of the insurance provider's stock valued at $20,527,000 after buying an additional 27,173 shares in the last quarter. Finally, Portolan Capital Management LLC boosted its stake in Kemper by 9.4% during the 3rd quarter. Portolan Capital Management LLC now owns 313,300 shares of the insurance provider's stock worth $19,190,000 after purchasing an additional 26,984 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

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Kemper Stock Performance

Kemper stock traded up $1.26 during trading hours on Friday, reaching $67.59. 392,683 shares of the stock were exchanged, compared to its average volume of 335,928. The stock has a market cap of $4.32 billion, a P/E ratio of 13.77 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. Kemper Co. has a 52-week low of $54.11 and a 52-week high of $73.01. The firm's 50 day moving average is $66.03 and its 200 day moving average is $64.91.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 EPS for the quarter, topping 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%. Analysts predict 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 will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a yield of 1.89%. This is an increase from Kemper's previous quarterly dividend of $0.31. Kemper's dividend payout ratio is presently 26.07%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMPR. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Piper Sandler increased their price target on shares of Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Raymond James increased their price target on shares of Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a research note on Thursday, December 26th. Finally, TD Cowen increased their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Kemper currently has a consensus rating of "Buy" and an average price target of $81.60.

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.