Voya Investment Management LLC Sells 33,239 Shares of Kemper Corporation $KMPR

Voya Investment Management LLC trimmed its holdings in Kemper Corporation (NYSE:KMPR) by 36.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,551 shares of the insurance provider’s stock after selling 33,239 shares during the period. Voya Investment Management LLC owned 0.09% of Kemper worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new position in Kemper in the 1st quarter valued at $45,000. IFP Advisors Inc increased its position in shares of Kemper by 651.6% in the second quarter. IFP Advisors Inc now owns 699 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 606 shares during the period. CX Institutional raised its stake in Kemper by 50.3% in the second quarter. CX Institutional now owns 861 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 288 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Kemper during the second quarter worth about $69,000. Finally, Employees Retirement System of Texas acquired a new stake in Kemper during the second quarter worth about $74,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Down 0.1%

Shares of KMPR opened at $40.95 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.19 and a current ratio of 0.19. Kemper Corporation has a 52 week low of $33.91 and a 52 week high of $72.25. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 10.69 and a beta of 1.15. The stock has a fifty day moving average of $41.19 and a 200-day moving average of $51.07.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($1.00). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Kemper had a return on equity of 11.48% and a net margin of 5.13%.Kemper’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. As a group, sell-side analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 17th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, November 17th. Kemper’s dividend payout ratio (DPR) is 33.42%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. William Blair lowered Kemper from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Kemper in a research report on Monday, December 22nd. Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Raymond James Financial cut Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 target price on the stock. in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $56.67.

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.