Teachers Retirement System of The State of Kentucky Sells 38,413 Shares of Kemper Corporation $KMPR

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Kemper Corporation (NYSE:KMPR) by 72.5% in the first quarter, HoldingsChannel reports. The firm owned 14,539 shares of the insurance provider’s stock after selling 38,413 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kemper were worth $444,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Huntington National Bank lifted its position in shares of Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock valued at $26,000 after buying an additional 421 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Kemper during the 4th quarter worth approximately $32,000. Danske Bank A S bought a new stake in Kemper in the 3rd quarter valued at $36,000. Rockefeller Capital Management L.P. lifted its holdings in Kemper by 616.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 814 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Kemper by 11,455.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,040 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 1,031 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Price Performance

Shares of NYSE KMPR opened at $28.16 on Friday. The firm has a market cap of $1.66 billion, a P/E ratio of 45.41 and a beta of 1.04. The business’s 50 day moving average is $27.28 and its 200-day moving average is $31.62. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $62.47.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.60). Kemper had a net margin of 0.89% and a return on equity of 4.80%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts predict that Kemper Corporation will post 1.94 earnings per share for the current year.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. Kemper’s dividend payout ratio (DPR) is currently 206.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on KMPR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research report on Friday, June 12th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. UBS Group cut their target price on shares of Kemper from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Piper Sandler decreased their price target on shares of Kemper from $35.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Kemper has a consensus rating of “Reduce” and an average target price of $51.75.

Kemper Profile

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.