Louisiana State Employees Retirement System Has $490,000 Position in Kemper Corporation (NYSE:KMPR)
Louisiana State Employees Retirement System increased its position in shares of Kemper Corporation (NYSE:KMPR) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 12,700 shares of the insurance provider’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Kemper Corporation were worth $490,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. LS Investment Advisors LLC raised its stake in Kemper Corporation by 18.1% in the second quarter. LS Investment Advisors LLC now owns 3,779 shares of the insurance provider’s stock worth $146,000 after buying an additional 580 shares in the last quarter. Jane Street Group LLC bought a new stake in Kemper Corporation during the first quarter worth about $205,000. Capital Fund Management S.A. bought a new stake in Kemper Corporation during the first quarter worth about $223,000. Paloma Partners Management Co bought a new stake in Kemper Corporation during the first quarter worth about $239,000. Finally, Airain ltd bought a new stake in Kemper Corporation during the first quarter worth about $241,000. 55.13% of the stock is currently owned by institutional investors.
Shares of Kemper Corporation (NYSE:KMPR) traded down 0.51% during midday trading on Friday, hitting $48.60. The stock had a trading volume of 193,959 shares. The stock has a 50 day moving average of $40.62 and a 200-day moving average of $40.65. The company has a market cap of $2.49 billion, a P/E ratio of 48.99 and a beta of 1.11. Kemper Corporation has a one year low of $35.30 and a one year high of $49.20.
Kemper Corporation (NYSE:KMPR) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.23. Kemper Corporation had a return on equity of 1.26% and a net margin of 1.95%. The company had revenue of $684.40 million during the quarter, compared to the consensus estimate of $641.20 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Kemper Corporation will post $1.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, August 10th. Kemper Corporation’s dividend payout ratio is currently 97.96%.
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A number of equities research analysts have issued reports on the company. Raymond James Financial, Inc. raised Kemper Corporation from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Thursday, August 3rd. BidaskClub raised Kemper Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Kemper Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet lowered Kemper Corporation from a “b-” rating to a “c” rating in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Kemper Corporation presently has a consensus rating of “Buy” and an average price target of $52.50.
About Kemper Corporation
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
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