Teacher Retirement System of Texas Lowers Stock Position in Kemper Corporation (NYSE:KMPR)

Teacher Retirement System of Texas trimmed its stake in Kemper Corporation (NYSE:KMPR - Free Report) by 20.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,639 shares of the insurance provider's stock after selling 8,020 shares during the period. Teacher Retirement System of Texas' holdings in Kemper were worth $2,048,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. CX Institutional acquired a new stake in Kemper in the 1st quarter valued at approximately $38,000. EverSource Wealth Advisors LLC boosted its position in shares of Kemper by 141.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock worth $40,000 after buying an additional 352 shares during the period. UMB Bank n.a. grew its stake in shares of Kemper by 104.4% in the first quarter. UMB Bank n.a. now owns 650 shares of the insurance provider's stock valued at $43,000 after buying an additional 332 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Kemper in the first quarter valued at $44,000. Finally, True Wealth Design LLC raised its holdings in shares of Kemper by 197.5% in the 4th quarter. True Wealth Design LLC now owns 717 shares of the insurance provider's stock valued at $48,000 after buying an additional 476 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMPR. Piper Sandler lowered their target price on Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut shares of Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $79.40.

Kemper Price Performance

Shares of NYSE KMPR opened at $61.62 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 11.52 and a beta of 1.28. The stock's 50-day moving average is $63.33 and its two-hundred day moving average is $64.00. Kemper Corporation has a 1-year low of $53.57 and a 1-year high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last released its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.17. Kemper had a net margin of 7.38% and a return on equity of 15.02%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. Analysts forecast that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.08%. Kemper's dividend payout ratio (DPR) is currently 23.93%.

Insiders Place Their Bets

In other Kemper news, Director Alberto J. Paracchini purchased 500 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was bought at an average cost of $61.71 per share, with a total value of $30,855.00. Following the acquisition, the director directly owned 10,323 shares of the company's stock, valued at approximately $637,032.33. This represents a 5.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Laderman bought 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average price of $62.24 per share, with a total value of $155,600.00. Following the purchase, the director owned 21,635 shares of the company's stock, valued at $1,346,562.40. The trade was a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.20% of the company's stock.

Kemper Company Profile

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.

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