Public Employees Retirement Association of Colorado Sells 196 Shares of Kemper Co. (NYSE:KMPR)

Public Employees Retirement Association of Colorado lowered its stake in Kemper Co. (NYSE:KMPR) by 2.6% in the 2nd quarter, Holdings Channel reports. The firm owned 7,268 shares of the insurance provider’s stock after selling 196 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Kemper were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. YHB Investment Advisors Inc. bought a new position in shares of Kemper in the first quarter valued at approximately $25,000. CWM LLC lifted its stake in Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 348 shares in the last quarter. LRI Investments LLC bought a new position in Kemper in the 1st quarter valued at $36,000. Blue Trust Inc. grew its position in shares of Kemper by 89.0% during the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 572 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Kemper in the fourth quarter worth $66,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Stock Up 0.8 %

Shares of KMPR opened at $61.04 on Friday. The firm has a market cap of $3.93 billion, a P/E ratio of -32.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.22 and a quick ratio of 0.22. Kemper Co. has a 1 year low of $38.32 and a 1 year high of $65.93. The stock has a 50 day simple moving average of $61.70 and a two-hundred day simple moving average of $60.05.

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

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, August 19th. Kemper’s dividend payout ratio is presently -65.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KMPR shares. StockNews.com lowered Kemper from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. Piper Sandler boosted their price objective on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. JMP Securities raised their target price on shares of Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 6th. Raymond James boosted their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 8th. Finally, UBS Group increased their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. One equities research 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, the company has a consensus rating of “Buy” and an average price target of $76.20.

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.