Teachers Retirement System of The State of Kentucky grew its stake in shares of Kemper Corp (NYSE:KMPR) by 28.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,995 shares of the insurance provider’s stock after buying an additional 2,873 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kemper were worth $1,045,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of Kemper by 12.0% during the 2nd quarter. Amalgamated Bank now owns 6,407 shares of the insurance provider’s stock valued at $485,000 after buying an additional 685 shares in the last quarter. Bank of Montreal Can lifted its holdings in Kemper by 5.2% in the 2nd quarter. Bank of Montreal Can now owns 14,418 shares of the insurance provider’s stock worth $1,090,000 after purchasing an additional 715 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Kemper by 3.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 25,438 shares of the insurance provider’s stock worth $2,046,000 after purchasing an additional 732 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in Kemper by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 51,420 shares of the insurance provider’s stock worth $3,890,000 after purchasing an additional 771 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Kemper by 20.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,053 shares of the insurance provider’s stock worth $407,000 after purchasing an additional 860 shares in the last quarter. 60.23% of the stock is currently owned by hedge funds and other institutional investors.
NYSE KMPR opened at $76.10 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.27 and a current ratio of 0.27. Kemper Corp has a 12 month low of $50.85 and a 12 month high of $87.00. The company has a market capitalization of $4.84 billion, a P/E ratio of 46.40 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. Kemper’s dividend payout ratio is presently 58.54%.
In other Kemper news, Director George N. Cochran purchased 500 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were bought at an average cost of $83.55 per share, with a total value of $41,775.00. Following the acquisition, the director now owns 9,428 shares in the company, valued at $787,709.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is currently owned by insiders.
A number of research firms recently commented on KMPR. Zacks Investment Research raised Kemper from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, August 3rd. ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Sandler O’Neill raised Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods began coverage on Kemper in a report on Thursday, November 1st. They issued a “market perform” rating and a $80.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $84.00.
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Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.
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