Ieq Capital LLC purchased a new position in Kemper Co. (NYSE:KMPR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 54,279 shares of the insurance provider's stock, valued at approximately $3,606,000. Ieq Capital LLC owned about 0.08% of Kemper as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMPR. Allspring Global Investments Holdings LLC increased its holdings in shares of Kemper by 5,590.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 559 shares during the last quarter. Clean Yield Group bought a new position in Kemper during the fourth quarter worth $45,000. Capital Performance Advisors LLP acquired a new position in Kemper during the 3rd quarter valued at $46,000. 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 valued at $48,000 after purchasing an additional 174 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Kemper in the 3rd quarter worth $82,000. Institutional investors and hedge funds own 86.23% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Piper Sandler increased 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. TD Cowen upped 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. Finally, Raymond James raised their price objective on shares of Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $81.60.
Read Our Latest Research Report on KMPR
Kemper Trading Down 1.3 %
KMPR stock traded down $0.87 during trading on Wednesday, hitting $64.90. The company had a trading volume of 184,342 shares, compared to its average volume of 335,271. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 13.22 and a beta of 0.88. Kemper Co. has a 12 month low of $54.11 and a 12 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 firm has a 50-day moving average price of $65.91 and a 200-day moving average price of $64.84.
Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results 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, analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.
Kemper Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Kemper's previous quarterly dividend of $0.31. Kemper's payout ratio is presently 26.07%.
About Kemper
(
Free Report)
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.
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