New York State Teachers Retirement System Decreases Holdings in Kemper Co. (NYSE:KMPR)

New York State Teachers Retirement System reduced its stake in shares of Kemper Co. (NYSE:KMPR) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,948 shares of the insurance provider’s stock after selling 3,200 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Kemper worth $3,978,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KMPR. Lord Abbett & CO. LLC boosted its stake in Kemper by 3.0% during the first quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock worth $48,988,000 after buying an additional 23,285 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Kemper by 30.3% during the 1st quarter. Russell Investments Group Ltd. now owns 476,049 shares of the insurance provider’s stock worth $29,478,000 after purchasing an additional 110,752 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in 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 valued at $37,012,000 after purchasing an additional 246,184 shares during the last quarter. Janus Henderson Group PLC raised its position in Kemper by 12.7% in the 1st quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock worth $31,919,000 after purchasing an additional 57,979 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Kemper by 84.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock worth $2,472,000 after purchasing an additional 18,290 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Kemper Stock Performance

KMPR opened at $66.23 on Thursday. The firm has a fifty day moving average price of $61.67 and a 200 day moving average price of $60.75. Kemper Co. has a 1 year low of $38.52 and a 1 year high of $67.60. The stock has a market cap of $4.24 billion, a P/E ratio of 15.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22.

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

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.