AlphaQuest LLC lifted its stake in Kemper Co. (NYSE:KMPR - Free Report) by 127.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,138 shares of the insurance provider's stock after purchasing an additional 12,968 shares during the period. AlphaQuest LLC's holdings in Kemper were worth $1,537,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in shares of Kemper by 17.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,217 shares of the insurance provider's stock valued at $546,000 after acquiring an additional 1,250 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Kemper in the 4th quarter worth about $23,325,000. Arizona State Retirement System grew its position in shares of Kemper by 0.9% in the fourth quarter. Arizona State Retirement System now owns 18,698 shares of the insurance provider's stock valued at $1,242,000 after purchasing an additional 161 shares during the period. Aigen Investment Management LP bought a new stake in shares of Kemper during the 4th quarter valued at about $441,000. Finally, Proficio Capital Partners LLC acquired a new stake in Kemper during the fourth quarter worth about $1,285,000. Hedge funds and other institutional investors own 86.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on KMPR shares. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. TD Cowen upped their price objective on Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Raymond James increased their target price on Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a research report on Thursday, December 26th. Finally, Piper Sandler boosted 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. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $81.60.
Read Our Latest Research Report on KMPR
Kemper Price Performance
Shares of KMPR stock traded up $0.23 during midday trading on Wednesday, reaching $65.53. 410,399 shares of the company were exchanged, compared to its average volume of 342,821. The company's 50 day moving average price is $66.07 and its two-hundred day moving average price is $65.17. The company has a market cap of $4.19 billion, a P/E ratio of 13.35 and a beta of 0.88. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27.
Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. On average, sell-side analysts expect that Kemper Co. will post 6.03 earnings per share for the current year.
Kemper Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.95%. This is an increase from Kemper's previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. Kemper's dividend payout ratio is presently 26.07%.
About Kemper
(
Free Report)
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.
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