Kemper Co. (NYSE:KMPR) Stake Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,044 shares of the insurance provider's stock after buying an additional 28,807 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.85% of Kemper worth $36,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd grew its position in Kemper by 27.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider's stock valued at $380,000 after acquiring an additional 1,221 shares during the period. Handelsbanken Fonder AB grew its stake in Kemper by 13.2% during the fourth quarter. Handelsbanken Fonder AB now owns 11,973 shares of the insurance provider's stock worth $795,000 after buying an additional 1,400 shares during the period. Ieq Capital LLC acquired a new stake in Kemper in the 4th quarter valued at $3,606,000. BKM Wealth Management LLC purchased a new position in Kemper in the 4th quarter worth approximately $202,000. Finally, Sanctuary Advisors LLC grew its holdings in Kemper by 13.8% during the 4th quarter. Sanctuary Advisors LLC now owns 5,169 shares of the insurance provider's stock valued at $352,000 after purchasing an additional 626 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Kemper Price Performance

Kemper stock traded up $0.51 during mid-day trading on Tuesday, hitting $65.35. The company's stock had a trading volume of 582,658 shares, compared to its average volume of 342,576. The stock has a market capitalization of $4.18 billion, a P/E ratio of 13.31 and a beta of 0.88. Kemper Co. has a twelve month low of $54.11 and a twelve month high of $73.01. The stock's fifty day moving average price is $66.11 and its two-hundred day moving average price is $65.14. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50.

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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, beating 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%. Research analysts forecast that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KMPR shares. StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. TD Cowen increased their target price on shares of Kemper from $72.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Raymond James boosted their price target on shares of 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 raised their price objective on shares of Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Five research 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 currently has an average rating of "Buy" and an average price target of $81.60.

Kemper Profile

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.