Mutual of America Capital Management LLC raised its stake in shares of Kemper Co. (NYSE:KMPR – Get Rating) by 2.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 54,594 shares of the insurance provider’s stock after acquiring an additional 1,074 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kemper were worth $3,087,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMPR. SG Americas Securities LLC boosted its stake in shares of Kemper by 52.5% in the first quarter. SG Americas Securities LLC now owns 27,629 shares of the insurance provider’s stock valued at $1,562,000 after purchasing an additional 9,511 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Kemper by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the insurance provider’s stock worth $865,000 after buying an additional 300 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Kemper during the 1st quarter valued at about $234,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kemper by 11.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,293 shares of the insurance provider’s stock worth $525,000 after purchasing an additional 956 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Kemper by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 78,548 shares of the insurance provider’s stock valued at $4,441,000 after acquiring an additional 197 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
KMPR has been the subject of a number of recent analyst reports. Credit Suisse Group began coverage on shares of Kemper in a research report on Thursday, April 28th. They set an “underperform” rating and a $44.00 target price for the company. StockNews.com began coverage on shares of Kemper in a report on Thursday, March 31st. They issued a “hold” rating on the stock.
Kemper Stock Down 0.2 %
KMPR stock opened at $47.58 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 0.22. The business’s 50-day moving average is $48.77 and its two-hundred day moving average is $52.03. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -8.98 and a beta of 0.82. Kemper Co. has a fifty-two week low of $43.69 and a fifty-two week high of $70.65.
Kemper (NYSE:KMPR – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The insurance provider reported ($0.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.28). Kemper had a negative return on equity of 9.23% and a negative net margin of 5.79%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $1.31 earnings per share. As a group, analysts forecast that Kemper Co. will post -1.44 earnings per share for the current year.
Kemper Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, May 13th. Kemper’s payout ratio is -23.40%.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.
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