Proficio Capital Partners LLC Acquires New Shares in Kemper Co. (NYSE:KMPR)

Proficio Capital Partners LLC acquired a new position in shares of Kemper Co. (NYSE:KMPR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,334 shares of the insurance provider's stock, valued at approximately $1,285,000.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Kemper by 32.2% during the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock worth $48,000 after acquiring an additional 174 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Kemper by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock valued at $597,000 after purchasing an additional 190 shares during the period. Atom Investors LP lifted its stake in Kemper by 1.1% in the 3rd quarter. Atom Investors LP now owns 19,240 shares of the insurance provider's stock valued at $1,178,000 after purchasing an additional 208 shares during the last quarter. KBC Group NV grew its holdings in Kemper by 24.2% during the third quarter. KBC Group NV now owns 2,050 shares of the insurance provider's stock worth $126,000 after purchasing an additional 400 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Kemper by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,036 shares of the insurance provider's stock worth $430,000 after buying an additional 475 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

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Kemper Stock Performance

NYSE KMPR traded up $0.51 during trading on Tuesday, reaching $65.35. The company's stock had a trading volume of 582,658 shares, compared to its average volume of 342,576. The firm has a 50 day moving average price of $66.11 and a 200 day moving average price of $65.14. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 13.31 and a beta of 0.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. As a group, equities analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.32 per share. This is a boost from Kemper's previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 1.96%. Kemper's dividend payout ratio is currently 26.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KMPR. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. TD Cowen lifted their target price on shares of Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Piper Sandler increased their price target on shares of Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Raymond James boosted their price objective on Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kemper currently has an average rating of "Buy" and an average price target of $81.60.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.