Intech Investment Management LLC Lowers Holdings in Kemper Corporation $KMPR

Intech Investment Management LLC reduced its stake in shares of Kemper Corporation (NYSE:KMPR) by 53.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,718 shares of the insurance provider’s stock after selling 22,349 shares during the quarter. Intech Investment Management LLC’s holdings in Kemper were worth $1,016,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Kemper by 57.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,985,139 shares of the insurance provider’s stock worth $127,783,000 after purchasing an additional 726,295 shares in the last quarter. Boston Partners increased its holdings in shares of Kemper by 19.3% during the 2nd quarter. Boston Partners now owns 1,508,352 shares of the insurance provider’s stock valued at $97,026,000 after purchasing an additional 244,391 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Kemper by 54.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 536,281 shares of the insurance provider’s stock valued at $34,612,000 after purchasing an additional 188,641 shares during the period. Norges Bank acquired a new position in shares of Kemper in the 2nd quarter valued at $11,343,000. Finally, Jane Street Group LLC boosted its holdings in Kemper by 1,420.9% during the second quarter. Jane Street Group LLC now owns 159,936 shares of the insurance provider’s stock worth $10,322,000 after buying an additional 149,420 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Price Performance

Shares of NYSE KMPR opened at $31.76 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a fifty day moving average of $36.20 and a 200 day moving average of $42.65. The firm has a market cap of $1.86 billion, a PE ratio of 14.50 and a beta of 1.16. Kemper Corporation has a one year low of $30.05 and a one year high of $69.83.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.60). Kemper had a net margin of 2.99% and a return on equity of 8.02%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts predict that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. Kemper’s dividend payout ratio (DPR) is currently 58.45%.

Analysts Set New Price Targets

A number of research firms have weighed in on KMPR. Citizens Jmp cut shares of Kemper from an “outperform” rating to a “market perform” rating in a report on Thursday, February 5th. Weiss Ratings raised shares of Kemper from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 13th. Wall Street Zen cut Kemper from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. UBS Group set a $56.00 price target on Kemper in a research note on Monday, February 9th. Finally, William Blair cut Kemper from a “market perform” rating to an “underperform” rating in a report on Thursday, December 18th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Kemper has an average rating of “Reduce” and a consensus target price of $56.50.

Kemper Company 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.