Teacher Retirement System of Texas Buys 20,069 Shares of Kemper Co. (NYSE:KMPR)

Teacher Retirement System of Texas grew its position in Kemper Co. (NYSE:KMPR - Free Report) by 108.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,659 shares of the insurance provider's stock after purchasing an additional 20,069 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Kemper worth $2,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cerity Partners LLC lifted its holdings in Kemper by 155.8% in the 3rd quarter. Cerity Partners LLC now owns 13,299 shares of the insurance provider's stock worth $815,000 after purchasing an additional 8,099 shares during the last quarter. Algert Global LLC lifted its stake in shares of Kemper by 126.0% in the third quarter. Algert Global LLC now owns 14,640 shares of the insurance provider's stock worth $897,000 after buying an additional 8,163 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Kemper by 244.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider's stock worth $1,155,000 after buying an additional 13,376 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Kemper by 1,070.6% during the 3rd quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider's stock worth $8,526,000 after buying an additional 128,213 shares during the period. Finally, Quantbot Technologies LP grew its stake in Kemper by 805,300.0% in the 3rd quarter. Quantbot Technologies LP now owns 16,108 shares of the insurance provider's stock valued at $987,000 after buying an additional 16,106 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KMPR. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Raymond James raised their target price on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a report on Thursday, December 26th. Finally, Piper Sandler upped their price target on Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kemper presently has a consensus rating of "Buy" and an average target price of $81.60.

Kemper Stock Performance

KMPR stock traded down $1.83 during trading on Friday, reaching $66.97. 485,319 shares of the stock were exchanged, compared to its average volume of 350,058. Kemper Co. has a twelve month low of $54.11 and a twelve month high of $73.01. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.28 billion, a P/E ratio of 13.64 and a beta of 0.88. The stock has a 50 day simple moving average of $66.68 and a 200-day simple moving average of $65.68.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share 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%. As a group, sell-side analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.91%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Kemper's previous quarterly dividend of $0.31. Kemper's payout ratio is 26.07%.

Kemper Company 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.