State of Alaska Department of Revenue Purchases 52,989 Shares of Kemper Corporation $KMPR

State of Alaska Department of Revenue boosted its position in Kemper Corporation (NYSE:KMPR) by 783.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,750 shares of the insurance provider’s stock after acquiring an additional 52,989 shares during the period. State of Alaska Department of Revenue owned 0.10% of Kemper worth $3,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMPR. Lecap Asset Management Ltd. boosted its stake in shares of Kemper by 49.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 15,117 shares of the insurance provider’s stock valued at $779,000 after purchasing an additional 5,012 shares during the last quarter. SG Americas Securities LLC boosted its stake in Kemper by 127.8% in the third quarter. SG Americas Securities LLC now owns 17,028 shares of the insurance provider’s stock valued at $878,000 after acquiring an additional 9,553 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Kemper by 3.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 17,500 shares of the insurance provider’s stock worth $902,000 after acquiring an additional 600 shares during the period. Merit Financial Group LLC raised its position in shares of Kemper by 77.8% during the 3rd quarter. Merit Financial Group LLC now owns 10,457 shares of the insurance provider’s stock valued at $539,000 after acquiring an additional 4,576 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Kemper in the 3rd quarter valued at $239,000. 86.23% of the stock is owned by institutional investors.

Kemper Price Performance

NYSE KMPR opened at $39.67 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 10.36 and a beta of 1.15. The business has a 50 day simple moving average of $39.73 and a 200 day simple moving average of $49.17. Kemper Corporation has a 52-week low of $33.91 and a 52-week high of $72.25.

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

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, November 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. Kemper’s dividend payout ratio (DPR) is currently 33.42%.

Analyst Ratings Changes

A number of equities research analysts recently commented on KMPR shares. William Blair cut Kemper from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 18th. Raymond James Financial cut Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kemper in a research report on Monday, December 29th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Piper Sandler decreased their price objective on shares of Kemper from $50.00 to $35.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $56.67.

Kemper Profile

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.