Fayez Sarofim & Co Sells 266,270 Shares of Kemper Co. (NYSE:KMPR)

Fayez Sarofim & Co cut its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 943,248 shares of the insurance provider's stock after selling 266,270 shares during the period. Fayez Sarofim & Co owned about 1.48% of Kemper worth $62,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC grew its position in Kemper by 565.8% during the third quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider's stock valued at $2,517,000 after buying an additional 34,922 shares during the period. Barclays PLC raised its holdings in Kemper by 72.3% in the 3rd quarter. Barclays PLC now owns 29,067 shares of the insurance provider's stock worth $1,781,000 after purchasing an additional 12,196 shares during the period. Geode Capital Management LLC grew its holdings in Kemper by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider's stock valued at $61,933,000 after purchasing an additional 9,412 shares during the period. Sanctuary Advisors LLC purchased a new stake in Kemper in the third quarter worth about $278,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Kemper in the third quarter worth about $82,000. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on KMPR shares. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Piper Sandler upped their target price on shares of Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Raymond James raised 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. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Kemper has a consensus rating of "Buy" and a consensus target price of $81.60.

Kemper Price Performance

NYSE:KMPR traded down $0.58 during trading hours on Friday, reaching $58.22. The stock had a trading volume of 471,748 shares, compared to its average volume of 366,286. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $3.73 billion, a PE ratio of 11.86 and a beta of 1.05. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. The company has a 50 day moving average price of $63.47 and a two-hundred day moving average price of $65.38.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings data 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 net margin of 6.85% and a return on equity of 14.11%. As a group, sell-side analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 2.20%. Kemper's dividend payout ratio is 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.