Kemper Corporation (NYSE:KMPR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,639 shares of the insurance provider's stock after selling 8,020 shares during the quarter. Teacher Retirement System of Texas' holdings in Kemper were worth $2,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Partners raised its stake in Kemper by 108.2% during the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock worth $73,363,000 after purchasing an additional 574,730 shares during the period. AQR Capital Management LLC raised its stake in Kemper by 69.2% during the fourth quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock worth $60,661,000 after purchasing an additional 374,798 shares during the period. Raymond James Financial Inc. purchased a new position in Kemper during the fourth quarter worth about $23,325,000. Vaughan Nelson Investment Management L.P. raised its stake in Kemper by 83.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 730,175 shares of the insurance provider's stock worth $48,813,000 after purchasing an additional 331,770 shares during the period. Finally, Prudential Financial Inc. raised its stake in Kemper by 3,378.5% during the fourth quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock worth $15,724,000 after purchasing an additional 214,367 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kemper news, Director Alberto J. Paracchini acquired 500 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average price of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the acquisition, the director owned 10,323 shares of the company's stock, valued at approximately $637,032.33. This trade represents a 5.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Laderman purchased 2,500 shares of the stock in a transaction on Tuesday, June 10th. The shares were purchased at an average price of $62.24 per share, with a total value of $155,600.00. Following the acquisition, the director directly owned 21,635 shares in the company, valued at $1,346,562.40. This represents 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 Stock Up 1.7%

Shares of KMPR stock traded up $1.01 during trading on Monday, reaching $62.08. The company's stock had a trading volume of 576,447 shares, compared to its average volume of 418,018. 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 capitalization of $3.97 billion, a price-to-earnings ratio of 11.60 and a beta of 1.28. The stock's 50-day moving average price is $63.32 and its 200 day moving average price is $63.94. 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 announced its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.21 billion. Kemper had a net margin of 7.38% and a return on equity of 15.02%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. On average, research analysts anticipate that Kemper Corporation will post 6.03 EPS for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, May 19th. Kemper's dividend payout ratio (DPR) is currently 23.93%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KMPR. Wall Street Zen downgraded shares of Kemper from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Piper Sandler reduced their price target on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $79.40.

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.