Mutual of America Capital Management LLC reduced its stake in The Kemper Company (NYSE: KMPR – Receive Rating) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission . The institutional investor held 50,146 shares of the insurance provider’s stock after selling 4,448 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kemper was worth $2,402,000 at the end of the most recent reporting period.
Other large investors have also changed their holding in the company in the recent past. Principal Financial Group Inc. increased its position in Kemper shares by 13.7% during the second quarter. After acquiring an additional 28,485 shares during the last quarter, Principal Financial Group Inc. Now owns 236,546 shares of the insurance provider’s stock valued at $11,331,000. Inspire Investing LLC increased Kemper shares by 7.1% during the second quarter. Inspire Investing LLC now owns 4,438 shares of the insurance provider’s stock worth $213,000 after acquiring an additional 294 shares during the last quarter. Duality Advisors LP increased Kemper shares by 54.4% during the second quarter. Duality Advisors LP now owns 26,742 shares of the insurance provider’s stock valued at $1,281,000 after acquiring an additional 9,417 shares during the last quarter. Texas Permanent School Fund increased shares of Kemper by 2.1% during the second quarter. Texas Permanent School Fund now owns 43,347 shares of the insurance provider’s stock worth $2,076,000 after acquiring an additional 906 shares during the last quarter. Finally, Connor Clarke & Lunn Investment Management Ltd. purchased a new stake in Kemper shares during the second quarter valued at approximately $568,000. Institutional investors hold 80.36% of the company’s stock.
Wall Street analysts forecast growth
Several analysts have commented on the company recently. Piper Sandler cut its price target on Kemper from $57.00 to $48.00 and set a “neutral” rating on the company in a research report on Tuesday, August 2. Raymond James raised Kemper from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the company in a research report on Friday, November 4. Finally, StockNews.com assumed coverage on Kemper in a research report on Wednesday, October 12. They set a “Hold” rating for the company.
insiders place their bets
In other news, director Robert Joseph Joyce sold 4,000 shares of Kemper stock in a transaction on Monday, Nov. 7. The stock was sold at an average price of $55.76 for a total value of $223,040.00. Following completion of the transaction, the Director now directly owns 19,898 shares in the Company, valued at $1,109,512.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders hold 0.71% of the company’s stock.
Kemper stock up 1.6%
NYSE: KMPR opened on Wednesday at $54.47. The company has a debt-to-equity ratio of 0.57, current ratio of 0.23 and quick ratio of 0.23. The business is trading at a fifty-day simple moving average of $47.30 and a two-hundred-day simple moving average of $47.66. The Kemper Company 1-Year Low is $40.65 and the 1-Year High is $64.36.
Kemper declares dividend
The company also recently declared a quarterly dividend, to be paid on Thursday, December 1st. A dividend of $0.31 will be paid to shareholders of record on Tuesday, November 15. This represents a $1.24 dividend and a yield of 2.28% on an annualized basis. The ex-dividend date of this dividend is Monday, November 14. Kemper’s dividend payout ratio currently stands at -22.50%.
Kemper Company Profile
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property and Casualty Insurance, Preferred Property and Casualty Insurance, and Life and Health Insurance.
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