Public Employees Retirement System of Ohio Takes $3.89 Million Position in Kemper Corporation $KMPR

Public Employees Retirement System of Ohio purchased a new stake in shares of Kemper Corporation (NYSE:KMPR) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 144,346 shares of the insurance provider’s stock, valued at approximately $3,892,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMPR. Redwood Investment Management LLC purchased a new position in Kemper during the second quarter valued at $2,140,000. Corient Private Wealth LP bought a new position in shares of Kemper in the 2nd quarter worth about $529,000. Bank of America Corp DE purchased a new position in Kemper during the 2nd quarter valued at about $20,800,000. Freestone Grove Partners LP bought a new stake in Kemper during the second quarter worth about $1,807,000. Finally, Man Group plc purchased a new stake in Kemper in the second quarter worth about $7,666,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Performance

Shares of KMPR opened at $28.77 on Friday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -3.42 and a beta of 1.04. The business’s fifty day simple moving average is $28.18 and its two-hundred day simple moving average is $29.17. Kemper Corporation has a 12 month low of $22.69 and a 12 month high of $54.59. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.43.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis. Research analysts anticipate that Kemper Corporation will post 2.02 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $0.32 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 4.4%. Kemper’s dividend payout ratio (DPR) is currently -15.24%.

Insiders Place Their Bets

In other Kemper news, EVP Thomas Evans acquired 1,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $26.53 per share, for a total transaction of $26,530.00. Following the purchase, the executive vice president directly owned 91,629 shares of the company’s stock, valued at approximately $2,430,917.37. This trade represents a 1.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jason N. Gorevic bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $25.91 per share, with a total value of $129,550.00. Following the completion of the transaction, the director directly owned 31,802 shares of the company’s stock, valued at $823,989.82. This trade represents a 18.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 14,000 shares of company stock worth $367,880 in the last 90 days. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, May 7th. UBS Group reduced their price objective on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Wall Street Zen downgraded Kemper from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Finally, Weiss Ratings cut Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $43.25.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.