Invesco Ltd. Reduces Holdings in Kemper Co. (NYSE:KMPR)

Invesco Ltd. cut its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 467,567 shares of the insurance provider's stock after selling 33,488 shares during the period. Invesco Ltd. owned about 0.73% of Kemper worth $31,065,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KMPR. Boston Partners lifted its stake in shares of Kemper by 108.2% during the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after buying an additional 574,730 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kemper by 0.9% in 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 acquiring an additional 9,412 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Kemper by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock worth $36,080,000 after acquiring an additional 28,807 shares during the period. Victory Capital Management Inc. grew its position in shares of Kemper by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 425,221 shares of the insurance provider's stock worth $28,252,000 after purchasing an additional 28,196 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Kemper by 10.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 371,144 shares of the insurance provider's stock valued at $24,659,000 after purchasing an additional 36,004 shares during the period. Institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KMPR shares. Piper Sandler upped their price target on Kemper from $83.00 to $86.00 and gave the stock 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 report on Tuesday, January 7th. Finally, Raymond James raised their target price 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. 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.com, Kemper currently has an average rating of "Buy" and an average target price of $81.60.

Kemper Price Performance

Shares of KMPR traded up $2.20 during mid-day trading on Wednesday, hitting $58.45. 86,771 shares of the stock were exchanged, compared to its average volume of 429,431. 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 company has a market cap of $3.74 billion, a PE ratio of 11.90 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 firm has a 50-day moving average of $63.82 and a two-hundred day moving average of $65.43.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) 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%. On average, equities 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 was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.32 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 26.07%.

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.