State of New Jersey Common Pension Fund D Has $1.97 Million Holdings in Kemper Co. (NYSE:KMPR)

State of New Jersey Common Pension Fund D decreased its position in shares of Kemper Co. (NYSE:KMPR) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,196 shares of the insurance provider’s stock after selling 572 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Kemper worth $1,972,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KMPR. Vaughan Nelson Investment Management L.P. lifted its position in shares of Kemper by 65.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock worth $37,012,000 after buying an additional 246,184 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Kemper by 12.7% in the first quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock worth $31,919,000 after acquiring an additional 57,979 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Kemper by 84.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock valued at $2,472,000 after purchasing an additional 18,290 shares in the last quarter. Boston Partners grew its holdings in shares of Kemper by 161.0% during the 1st quarter. Boston Partners now owns 263,432 shares of the insurance provider’s stock valued at $16,297,000 after purchasing an additional 162,508 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Kemper by 50.6% during the 2nd quarter. Natixis Advisors LLC now owns 68,604 shares of the insurance provider’s stock worth $4,070,000 after purchasing an additional 23,043 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Piper Sandler boosted their price objective on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. UBS Group raised their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Raymond James boosted their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $76.20.

Kemper Stock Up 0.8 %

Shares of NYSE KMPR opened at $71.24 on Monday. Kemper Co. has a 52-week low of $40.93 and a 52-week high of $71.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The company’s 50 day moving average price is $62.70 and its 200-day moving average price is $61.32. The company has a market capitalization of $4.56 billion, a P/E ratio of 16.96 and a beta of 0.85.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Kemper Co. will post 5.17 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s payout ratio is 29.52%.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.