First Eagle Investment Management LLC Sells 53,800 Shares of Kemper Co. (NYSE:KMPR)

First Eagle Investment Management LLC lowered its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 229,031 shares of the insurance provider's stock after selling 53,800 shares during the quarter. First Eagle Investment Management LLC owned 0.36% of Kemper worth $15,217,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its holdings in shares of Kemper by 81.1% in the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider's stock worth $51,333,000 after buying an additional 375,324 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Kemper in the fourth quarter worth $23,325,000. Bank of Montreal Can lifted its holdings in shares of Kemper by 1,070.6% in the third quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider's stock worth $8,526,000 after buying an additional 128,213 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Kemper by 102.9% in the third quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider's stock worth $12,358,000 after buying an additional 102,339 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Kemper by 60.2% in the third quarter. Two Sigma Advisers LP now owns 236,400 shares of the insurance provider's stock worth $14,480,000 after buying an additional 88,800 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Remove Ads

Kemper Price Performance

KMPR traded down $1.13 during trading hours on Tuesday, hitting $67.07. The company's stock had a trading volume of 213,209 shares, compared to its average volume of 341,889. The business's 50-day moving average price is $66.19 and its 200-day moving average price is $65.31. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 13.66 and a beta of 0.88. 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 (NYSE:KMPR - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts expect that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The company 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. This is a boost 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 1.91%. Kemper's payout ratio is 26.07%.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMPR. TD Cowen boosted their target price on shares of Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Raymond James boosted their price target on shares of Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a research report on Thursday, December 26th. Finally, Piper Sandler boosted their price target on shares of Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.