Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 25,748 Kemper Co. (NYSE:KMPR)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kemper Co. (NYSE:KMPR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,748 shares of the insurance provider's stock, valued at approximately $1,711,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMPR. Jane Street Group LLC grew its holdings in shares of Kemper by 565.8% during the third quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider's stock worth $2,517,000 after purchasing an additional 34,922 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Kemper by 81.1% during the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider's stock worth $51,333,000 after purchasing an additional 375,324 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Kemper by 244.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider's stock worth $1,155,000 after purchasing an additional 13,376 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Kemper by 7.0% in the third quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider's stock valued at $6,637,000 after acquiring an additional 7,127 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Kemper by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock valued at $36,080,000 after acquiring an additional 28,807 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

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Kemper Trading Down 1.6 %

KMPR traded down $1.05 during trading on Friday, hitting $66.34. The company's stock had a trading volume of 1,148,386 shares, compared to its average volume of 342,479. Kemper Co. has a twelve month low of $54.11 and a twelve month high of $73.01. 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 stock's fifty day moving average price is $66.42 and its 200-day moving average price is $65.41. The firm has a market capitalization of $4.24 billion, a P/E ratio of 13.51 and a beta of 0.88.

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

Kemper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.93%. This is a positive change 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%.

Analyst Ratings Changes

KMPR has been the topic of several analyst reports. Piper Sandler upped their target price on Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Raymond James upped their target price on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a report on Thursday, December 26th. Finally, StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Five 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 stock has a consensus rating of "Buy" and an average target price 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.