28,038 Shares in Kemper Co. (NYSE:KMPR) Bought by Bank of Nova Scotia

Bank of Nova Scotia acquired a new position in shares of Kemper Co. (NYSE:KMPR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,038 shares of the insurance provider's stock, valued at approximately $1,863,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KMPR. EverSource Wealth Advisors LLC raised its holdings in Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock worth $40,000 after buying an additional 352 shares during the last quarter. Clean Yield Group bought a new position in Kemper in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC boosted its stake in Kemper by 32.2% during the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 174 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Kemper in the fourth quarter worth $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Kemper during the 3rd quarter valued at about $82,000. Institutional investors own 86.23% of the company's stock.

Kemper Stock Performance

NYSE KMPR traded up $0.43 on Tuesday, reaching $58.51. 610,053 shares of the stock were exchanged, compared to its average volume of 365,707. 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 Co. has a one year low of $53.57 and a one year high of $73.01. The firm has a market capitalization of $3.75 billion, a PE ratio of 11.92 and a beta of 1.05. The company's 50-day simple moving average is $64.91 and its two-hundred day simple moving average is $65.58.

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

Kemper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.32 dividend. This is a positive change from Kemper's previous quarterly dividend of $0.31. 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 2.19%. Kemper's dividend payout ratio is 26.07%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James raised 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. Piper Sandler boosted their target price on shares of Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.