Bank of Montreal Can Has $8.53 Million Position in Kemper Co. (NYSE:KMPR)

Bank of Montreal Can boosted its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 1,070.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,189 shares of the insurance provider's stock after buying an additional 128,213 shares during the period. Bank of Montreal Can owned 0.22% of Kemper worth $8,526,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Inspire Investing LLC raised its holdings in Kemper by 3.1% in the 2nd quarter. Inspire Investing LLC now owns 5,943 shares of the insurance provider's stock valued at $353,000 after buying an additional 177 shares during the period. GAMMA Investing LLC raised its position in Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 289 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Kemper by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,076 shares of the insurance provider's stock worth $598,000 after purchasing an additional 311 shares in the last quarter. Quarry LP boosted its position in shares of Kemper by 105.1% during the second quarter. Quarry LP now owns 642 shares of the insurance provider's stock worth $38,000 after buying an additional 329 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Kemper by 2.3% in the second quarter. Arizona State Retirement System now owns 18,010 shares of the insurance provider's stock valued at $1,069,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Kemper Price Performance

Kemper stock traded down $0.68 during midday trading on Tuesday, reaching $70.29. 56,489 shares of the company were exchanged, compared to its average volume of 373,630. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 16.76 and a beta of 0.88. Kemper Co. has a 1 year low of $44.48 and a 1 year high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The firm's 50-day simple moving average is $65.09 and its 200-day simple moving average is $62.17.

Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.28. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) EPS. On average, analysts anticipate that Kemper Co. will post 5.36 EPS for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.76%. Kemper's dividend payout ratio is presently 29.52%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Raymond James boosted their target price on Kemper from $70.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 8th. Piper Sandler boosted their price objective on shares of Kemper from $77.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 6th. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price objective on shares of Kemper in a report on Tuesday, October 15th. TD Cowen increased their price objective on Kemper from $72.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, UBS Group raised their price objective on shares of Kemper from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kemper presently has a consensus rating of "Buy" and an average target price of $79.00.

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.