ExodusPoint Capital Management LP Sells 54,545 Shares of Kemper Co. (NYSE:KMPR)

ExodusPoint Capital Management LP trimmed its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 92.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,673 shares of the insurance provider's stock after selling 54,545 shares during the period. ExodusPoint Capital Management LP's holdings in Kemper were worth $310,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMPR. Boston Partners increased its holdings in Kemper by 108.2% in the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock worth $73,363,000 after purchasing an additional 574,730 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Kemper in the fourth quarter valued at approximately $23,325,000. Prudential Financial Inc. raised its holdings in Kemper by 3,378.5% in the 4th quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock valued at $15,724,000 after buying an additional 214,367 shares during the last quarter. Norges Bank acquired a new stake in Kemper during the 4th quarter worth approximately $14,016,000. Finally, JPMorgan Chase & Co. grew its holdings in Kemper by 102.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider's stock worth $12,358,000 after acquiring an additional 102,339 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KMPR. Raymond James raised their price target on shares of Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a research note on Thursday, December 26th. Piper Sandler upped their price target on 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 upgraded Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kemper has an average rating of "Buy" and a consensus price target of $81.60.

Remove Ads

Kemper Trading Up 0.7 %

Shares of KMPR stock traded up $0.43 during trading hours on Tuesday, hitting $58.51. 610,053 shares of the company were exchanged, compared to its average volume of 365,707. The company has a 50 day simple moving average of $64.91 and a two-hundred day simple moving average of $65.58. The firm has a market cap of $3.75 billion, a P/E ratio of 11.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. Kemper Co. has a fifty-two week low of $53.57 and a fifty-two week high of $73.01.

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

Kemper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.32 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 2.19%. This is a positive change from Kemper's previous quarterly dividend of $0.31. Kemper's dividend payout ratio is presently 26.07%.

Kemper Company 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.