New York State Teachers Retirement System Trims Stock Position in Kemper Co. (NYSE:KMPR)

New York State Teachers Retirement System lowered its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,551 shares of the insurance provider's stock after selling 12,397 shares during the period. New York State Teachers Retirement System owned 0.08% of Kemper worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock worth $35,000 after purchasing an additional 559 shares during the period. Clean Yield Group purchased a new stake in Kemper in the fourth quarter worth $45,000. Capital Performance Advisors LLP bought a new stake in shares of Kemper during the third quarter worth $46,000. GAMMA Investing LLC boosted its stake in shares of Kemper by 32.2% during the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 174 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Kemper in the third quarter worth about $82,000. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMPR has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Raymond James boosted their price target on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a report on Thursday, December 26th. TD Cowen increased their price objective on Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Piper Sandler increased their price target on Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. 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.com, Kemper presently has an average rating of "Buy" and a consensus target price of $81.60.

Kemper Stock Up 1.2 %

NYSE KMPR traded up $0.77 during midday trading on Tuesday, hitting $65.83. 212,600 shares of the company traded hands, compared to its average volume of 341,039. The company has a market cap of $4.21 billion, a PE ratio of 13.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. Kemper Co. has a 52 week low of $54.11 and a 52 week high of $73.01. The company's 50-day simple moving average is $65.91 and its 200-day simple moving average is $64.84.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results 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%. As a group, equities research analysts forecast that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.94%. This is an increase from Kemper's previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, February 18th. Kemper's dividend payout ratio (DPR) 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.