Boston Partners Buys 574,730 Shares of Kemper Co. (NYSE:KMPR)

Boston Partners raised its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 108.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,105,859 shares of the insurance provider's stock after buying an additional 574,730 shares during the period. Boston Partners owned about 1.73% of Kemper worth $73,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMPR. Arizona State Retirement System boosted its holdings 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 worth $1,242,000 after buying an additional 161 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Kemper by 32.2% during the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock worth $48,000 after acquiring an additional 174 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Kemper by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock worth $597,000 after acquiring an additional 190 shares during the last quarter. Atom Investors LP grew its position in shares of Kemper by 1.1% during the 3rd quarter. Atom Investors LP now owns 19,240 shares of the insurance provider's stock valued at $1,178,000 after acquiring an additional 208 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Kemper by 141.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock worth $40,000 after purchasing an additional 352 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

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Analyst Ratings Changes

KMPR has been the subject of several recent research reports. Raymond James boosted their price target on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a report on Thursday, December 26th. Piper Sandler lifted 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, StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research note 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $81.60.

Kemper Price Performance

KMPR stock traded up $1.10 during midday trading on Monday, hitting $67.36. The company's stock had a trading volume of 338,965 shares, compared to its average volume of 342,465. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01. The company has a 50 day moving average of $66.42 and a two-hundred day moving average of $65.43. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 13.72 and a beta of 0.88.

Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (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, analysts expect that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.32 per share. This is an increase from Kemper's previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a yield of 1.90%. Kemper's dividend payout ratio is presently 26.07%.

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.