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

Public Employees Retirement System of Ohio purchased a new position in Kemper Corporation (NYSE:KMPR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 144,346 shares of the insurance provider’s stock, valued at approximately $3,892,000. Public Employees Retirement System of Ohio owned about 0.24% of Kemper as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. State of Wyoming increased its stake in shares of Kemper by 4.7% during the 2nd quarter. State of Wyoming now owns 4,431 shares of the insurance provider’s stock worth $286,000 after purchasing an additional 199 shares during the last quarter. M&T Bank Corp lifted its stake in Kemper by 7.9% in the second quarter. M&T Bank Corp now owns 4,863 shares of the insurance provider’s stock valued at $314,000 after purchasing an additional 355 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Kemper by 27.0% during the first quarter. Acadian Asset Management LLC now owns 1,737 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 369 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Kemper by 24.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,969 shares of the insurance provider’s stock valued at $80,000 after purchasing an additional 389 shares during the period. Finally, Huntington National Bank increased its position in Kemper by 187.1% in the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider’s stock worth $26,000 after buying an additional 421 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Kemper from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Zacks Research raised shares of Kemper from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. UBS Group reduced their price objective on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 10th. TD Cowen dropped their target price on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Finally, Piper Sandler reduced their price target on Kemper from $35.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $43.25.

Insider Activity at Kemper

In other news, CFO Bradley Camden purchased 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $26.34 per share, with a total value of $26,340.00. Following the acquisition, the chief financial officer directly owned 51,259 shares in the company, valued at approximately $1,350,162.06. The trade was a 1.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stephen McAnena acquired 3,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $26.50 per share, for a total transaction of $79,500.00. Following the transaction, the chief executive officer directly owned 30,945 shares of the company’s stock, valued at approximately $820,042.50. This trade represents a 10.74% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 14,000 shares of company stock worth $367,880 over the last ninety days. Insiders own 0.61% of the company’s stock.

Kemper Stock Up 2.1%

Shares of NYSE:KMPR opened at $28.77 on Friday. The firm has a market capitalization of $1.70 billion, a PE ratio of -3.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. Kemper Corporation has a 52-week low of $22.69 and a 52-week high of $54.59. The firm has a fifty day moving average of $28.18 and a 200 day moving average of $29.17.

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

Kemper Dividend Announcement

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

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.