Regent Peak Wealth Advisors LLC raised its holdings in shares of Kemper Co. (NYSE:KMPR) by 17.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,420 shares of the insurance provider’s stock after acquiring an additional 2,860 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Kemper were worth $1,548,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. California Public Employees Retirement System raised its holdings in Kemper by 8.0% during the fourth quarter. California Public Employees Retirement System now owns 153,182 shares of the insurance provider’s stock valued at $11,769,000 after acquiring an additional 11,324 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Kemper by 58.8% in the fourth quarter. Teacher Retirement System of Texas now owns 5,737 shares of the insurance provider’s stock worth $441,000 after purchasing an additional 2,125 shares during the last quarter. Red Door Wealth Management LLC bought a new stake in shares of Kemper in the first quarter worth about $694,000. Capital Asset Advisory Services LLC bought a new stake in shares of Kemper in the fourth quarter worth about $103,000. Finally, Prospector Partners LLC increased its holdings in shares of Kemper by 0.7% in the fourth quarter. Prospector Partners LLC now owns 61,789 shares of the insurance provider’s stock worth $4,747,000 after purchasing an additional 450 shares during the last quarter. 70.78% of the stock is currently owned by institutional investors and hedge funds.
NYSE KMPR traded up $0.49 during trading hours on Tuesday, hitting $79.32. 1,956 shares of the company were exchanged, compared to its average volume of 261,007. The stock has a 50-day moving average price of $81.40 and a 200 day moving average price of $75.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.27. Kemper Co. has a 52 week low of $54.41 and a 52 week high of $85.69. The stock has a market cap of $5.19 billion, a PE ratio of 12.05 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, February 12th. This is a positive change from Kemper’s previous quarterly dividend of $0.30. Kemper’s payout ratio is 19.78%.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Kemper from a “hold” rating to a “sell” rating in a report on Wednesday, April 7th. Raymond James reduced their price objective on Kemper from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a research note on Tuesday.
In other Kemper news, Director David P. Storch bought 2,000 shares of the company’s stock in a transaction on Thursday, February 4th. The stock was acquired at an average price of $70.12 per share, for a total transaction of $140,240.00. Following the completion of the transaction, the director now directly owns 22,603 shares of the company’s stock, valued at $1,584,922.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George N. Cochran bought 500 shares of the company’s stock in a transaction on Friday, February 12th. The shares were acquired at an average price of $76.00 per share, with a total value of $38,000.00. Following the transaction, the director now directly owns 14,911 shares of the company’s stock, valued at $1,133,236. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.
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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