State of New Jersey Common Pension Fund D Has $1.97 Million Stock Position in Kemper Co. (NYSE:KMPR)

State of New Jersey Common Pension Fund D decreased its position in shares of Kemper Co. (NYSE:KMPR) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,196 shares of the insurance provider’s stock after selling 572 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kemper were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its stake in Kemper by 65.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock valued at $37,012,000 after purchasing an additional 246,184 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Kemper by 12.7% during the first quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock valued at $31,919,000 after buying an additional 57,979 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Kemper by 84.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock worth $2,472,000 after acquiring an additional 18,290 shares in the last quarter. Boston Partners increased its position in shares of Kemper by 161.0% during the first quarter. Boston Partners now owns 263,432 shares of the insurance provider’s stock worth $16,297,000 after acquiring an additional 162,508 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Kemper by 50.6% in the 2nd quarter. Natixis Advisors LLC now owns 68,604 shares of the insurance provider’s stock worth $4,070,000 after acquiring an additional 23,043 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Stock Up 0.8 %

Shares of NYSE KMPR opened at $71.24 on Monday. The business’s fifty day moving average price is $62.70 and its 200-day moving average price is $61.32. Kemper Co. has a one year low of $40.93 and a one year high of $71.57. The stock has a market capitalization of $4.56 billion, a PE ratio of 16.96 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.34 by $0.28. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) earnings per share. On average, equities research analysts anticipate that Kemper Co. will post 5.17 EPS for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio (DPR) is presently 29.52%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KMPR. 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. UBS Group upped their price target on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Raymond James upped their target price 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, JMP Securities reissued a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. Five investment 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.com, Kemper has an average rating of “Buy” and a consensus target price of $76.20.

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.