Kemper Co. (NYSE:KMPR) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in shares of Kemper Co. (NYSE:KMPR) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,494 shares of the insurance provider’s stock after buying an additional 2,576 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Kemper worth $3,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMPR. YHB Investment Advisors Inc. acquired a new stake in shares of Kemper during the 1st quarter worth approximately $25,000. CWM LLC increased its position in Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 348 shares during the period. LRI Investments LLC acquired a new stake in Kemper in the 1st quarter valued at approximately $36,000. Blue Trust Inc. increased its position in Kemper by 89.0% in the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock valued at $75,000 after acquiring an additional 572 shares during the period. Finally, Quest Partners LLC acquired a new stake in Kemper in the 4th quarter valued at approximately $66,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com cut Kemper from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. Piper Sandler raised their target price on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. JMP Securities increased their price target on Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 6th. UBS Group increased their price target on Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Raymond James increased their price target on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $76.20.

Kemper Price Performance

NYSE KMPR opened at $60.01 on Friday. Kemper Co. has a fifty-two week low of $38.32 and a fifty-two week high of $65.93. The stock’s 50-day moving average is $61.81 and its two-hundred day moving average is $59.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market cap of $3.86 billion, a P/E ratio of -31.58 and a beta of 0.85.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.23. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.26) EPS. The firm’s revenue was down 10.5% compared to the same quarter last year. On average, analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.24 annualized dividend and a dividend yield of 2.07%. Kemper’s dividend payout ratio is currently -65.26%.

About Kemper

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.