Kemper Co. (NYSE:KMPR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in shares of Kemper Co. (NYSE:KMPRGet Rating) by 1.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 135,968 shares of the insurance provider’s stock after selling 1,690 shares during the quarter. California Public Employees Retirement System’s holdings in Kemper were worth $6,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its holdings in shares of Kemper by 21.4% during the second quarter. Treasurer of the State of North Carolina now owns 26,872 shares of the insurance provider’s stock valued at $1,287,000 after acquiring an additional 4,743 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Kemper by 0.6% in the second quarter. Retirement Systems of Alabama now owns 79,003 shares of the insurance provider’s stock worth $3,784,000 after buying an additional 455 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Kemper during the first quarter worth $390,000. Bank of America Corp DE grew its holdings in shares of Kemper by 16.1% during the first quarter. Bank of America Corp DE now owns 561,617 shares of the insurance provider’s stock valued at $31,754,000 after buying an additional 77,831 shares during the last quarter. Finally, New South Capital Management Inc. increased its position in shares of Kemper by 4.6% in the 1st quarter. New South Capital Management Inc. now owns 332,062 shares of the insurance provider’s stock valued at $18,775,000 after acquiring an additional 14,676 shares during the period. 80.36% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Stock Down 1.6 %

KMPR opened at $53.59 on Friday. The company has a market cap of $3.42 billion, a PE ratio of -9.73 and a beta of 0.80. Kemper Co. has a twelve month low of $40.65 and a twelve month high of $64.36. The company has a 50-day moving average price of $47.57 and a 200 day moving average price of $47.75. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.57.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, November 14th. This represents a $1.24 dividend on an annualized basis and a yield of 2.31%. Kemper’s payout ratio is presently -22.50%.

Insider Transactions at Kemper

In related news, Director Robert Joseph Joyce sold 4,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $55.76, for a total value of $223,040.00. Following the completion of the sale, the director now owns 19,898 shares of the company’s stock, valued at $1,109,512.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on KMPR. Raymond James raised shares of Kemper from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, November 4th. Piper Sandler cut their price target on Kemper from $57.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 2nd. Finally, StockNews.com initiated coverage on Kemper in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Kemper Company Profile

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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 & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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