Oppenheimer Asset Management Inc. increased its holdings in shares of Kemper Corp (NYSE:KMPR) by 29.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 772 shares of the insurance provider’s stock after acquiring an additional 177 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Kemper were worth $60,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama boosted its holdings in Kemper by 1.2% in the 2nd quarter. Retirement Systems of Alabama now owns 165,882 shares of the insurance provider’s stock valued at $14,314,000 after purchasing an additional 2,039 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Kemper in the 2nd quarter valued at about $105,000. New York State Teachers Retirement System boosted its holdings in Kemper by 1.9% in the 2nd quarter. New York State Teachers Retirement System now owns 97,280 shares of the insurance provider’s stock valued at $8,394,000 after purchasing an additional 1,800 shares during the last quarter. Mengis Capital Management Inc. acquired a new position in Kemper in the 2nd quarter valued at about $2,170,000. Finally, Bessemer Group Inc. acquired a new position in Kemper in the 2nd quarter valued at about $1,010,000. Hedge funds and other institutional investors own 68.56% of the company’s stock.
Several research firms have weighed in on KMPR. Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a report on Friday, November 8th. UBS Group assumed coverage on shares of Kemper in a research note on Monday, September 9th. They issued a “buy” rating and a $87.00 price target on the stock. ValuEngine raised shares of Kemper from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, William Blair downgraded shares of Kemper from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.67.
Kemper stock opened at $74.20 on Friday. The company’s 50 day simple moving average is $74.66 and its 200-day simple moving average is $80.87. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 16.98 and a beta of 1.21. Kemper Corp has a 1 year low of $61.57 and a 1 year high of $91.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.24 and a current ratio of 0.24.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from Kemper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, November 15th. Kemper’s payout ratio is 22.88%.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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