Kemper Co. (NYSE:KMPR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 102.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 201,756 shares of the insurance provider's stock after purchasing an additional 102,339 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.32% of Kemper worth $12,358,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KMPR. Arizona State Retirement System lifted its stake in Kemper by 2.3% during the second quarter. Arizona State Retirement System now owns 18,010 shares of the insurance provider's stock worth $1,069,000 after purchasing an additional 397 shares during the last quarter. Quest Partners LLC lifted its stake in Kemper by 54.5% in the second quarter. Quest Partners LLC now owns 2,681 shares of the insurance provider's stock valued at $159,000 after buying an additional 946 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Kemper by 4.9% in the second quarter. Texas Permanent School Fund Corp now owns 55,494 shares of the insurance provider's stock valued at $3,292,000 after buying an additional 2,576 shares during the last quarter. American Century Companies Inc. lifted its stake in Kemper by 6.6% in the second quarter. American Century Companies Inc. now owns 13,065 shares of the insurance provider's stock valued at $775,000 after buying an additional 806 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Kemper by 37.0% in the second quarter. Envestnet Asset Management Inc. now owns 39,676 shares of the insurance provider's stock valued at $2,354,000 after buying an additional 10,721 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Kemper Price Performance

KMPR stock traded down $1.84 on Friday, reaching $62.94. 293,003 shares of the company's stock were exchanged, compared to its average volume of 337,467. The stock has a fifty day moving average of $67.77 and a 200-day moving average of $63.76. Kemper Co. has a twelve month low of $52.24 and a twelve month high of $73.01. The firm has a market cap of $4.03 billion, a PE ratio of 14.99 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted ($0.44) earnings per share. Kemper's quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts predict that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Monday, November 18th. Kemper's dividend payout ratio is presently 29.52%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMPR. JMP Securities reiterated a "market outperform" rating and issued a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. TD Cowen boosted their target price on Kemper from $72.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Raymond James boosted their target price on Kemper from $75.00 to $82.00 and gave the company 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 issued a strong buy rating to the stock. According to MarketBeat, Kemper currently has an average rating of "Buy" and a consensus target price of $80.40.

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.