Kemper Co. (NYSE:KMPR) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC boosted its stake in Kemper Co. (NYSE:KMPR - Free Report) by 1,452.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,407 shares of the insurance provider's stock after purchasing an additional 95,812 shares during the period. Foundry Partners LLC owned approximately 0.16% of Kemper worth $6,804,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after buying an additional 352 shares in the last quarter. Clean Yield Group purchased a new position in Kemper in the 4th quarter worth approximately $45,000. GAMMA Investing LLC boosted its holdings in Kemper by 32.2% in 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 period. Parkside Financial Bank & Trust acquired a new stake in Kemper in the fourth quarter valued at approximately $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Kemper during the third quarter valued at approximately $82,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Down 10.7 %

Shares of KMPR traded down $6.93 during midday trading on Friday, hitting $57.77. The company had a trading volume of 1,053,420 shares, compared to its average volume of 355,048. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 11.77 and a beta of 0.88. The company's 50 day moving average price is $66.62 and its 200 day moving average price is $65.83. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper Co. has a 52 week low of $54.11 and a 52 week high of $73.01.

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Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share 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%. On average, equities research analysts predict 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. Investors of record on Tuesday, February 18th were given a dividend of $0.32 per share. This is a positive change from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper's dividend payout ratio is currently 26.07%.

Analysts Set New Price Targets

KMPR has been the subject of several analyst reports. Piper Sandler upped their target price on shares of Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Finally, Raymond James lifted their target price on Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a research report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently 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.