Kemper Co. (NYSE:KMPR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 51.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,124 shares of the insurance provider's stock after selling 28,761 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Kemper were worth $1,661,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock valued at $33,000 after buying an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock worth $35,000 after purchasing an additional 559 shares in the last quarter. Quarry LP increased its stake in Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 329 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Kemper in the third quarter worth $46,000. Finally, Blue Trust Inc. lifted its stake in shares of Kemper by 89.0% during the second quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider's stock worth $75,000 after buying an additional 572 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Kemper Trading Down 3.2 %

Shares of KMPR stock traded down $2.25 during trading on Monday, hitting $68.39. 67,974 shares of the stock traded hands, compared to its average volume of 372,716. The firm's fifty day moving average price is $65.88 and its 200-day moving average price is $62.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market capitalization of $4.38 billion, a P/E ratio of 16.82 and a beta of 0.88. Kemper Co. has a 52-week low of $47.12 and a 52-week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.28. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. Kemper's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the business posted ($0.44) EPS. As a group, research analysts forecast that Kemper Co. will post 5.49 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.81%. Kemper's dividend payout ratio (DPR) is presently 29.52%.

Wall Street Analyst Weigh In

KMPR has been the topic of a number of research reports. JMP Securities reissued a "market outperform" rating and issued a $85.00 price objective on shares of Kemper in a report on Tuesday, October 15th. TD Cowen increased their price target 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 upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, UBS Group increased their price objective on shares of Kemper from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $79.00.

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.