Intech Investment Management LLC Decreases Stock Position in Kemper Corporation $KMPR

Intech Investment Management LLC cut its position in Kemper Corporation (NYSE:KMPR) by 53.1% during the third quarter, HoldingsChannel.com reports. The fund owned 19,718 shares of the insurance provider’s stock after selling 22,349 shares during the period. Intech Investment Management LLC’s holdings in Kemper were worth $1,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in Kemper by 1,098.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 587 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 538 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Kemper by 73.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 656 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 278 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kemper during the third quarter worth $36,000. UMB Bank n.a. raised its position in shares of Kemper by 194.6% in the third quarter. UMB Bank n.a. now owns 881 shares of the insurance provider’s stock valued at $45,000 after buying an additional 582 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Kemper in the second quarter valued at about $69,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citizens Jmp lowered shares of Kemper from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded shares of Kemper from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. William Blair lowered shares of Kemper from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 18th. Weiss Ratings upgraded Kemper from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 13th. Finally, Zacks Research lowered Kemper from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $56.50.

Kemper Trading Down 2.5%

Shares of KMPR stock opened at $31.76 on Friday. The company’s 50-day moving average price is $36.20 and its 200-day moving average price is $42.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 14.50 and a beta of 1.16. Kemper Corporation has a twelve month low of $30.05 and a twelve month high of $69.83.

Kemper (NYSE:KMPR) last released 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 return on equity of 8.02% and a net margin of 2.99%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $1.78 earnings per share. Kemper’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts predict that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders 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 annualized dividend and a dividend yield of 4.0%. Kemper’s dividend payout ratio is 58.45%.

About Kemper

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.