Phocas Financial Corp. Grows Stock Position in Kemper Co. (NYSE:KMPR)

Phocas Financial Corp. increased its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 37.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,283 shares of the insurance provider's stock after purchasing an additional 45,796 shares during the quarter. Phocas Financial Corp. owned approximately 0.26% of Kemper worth $10,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Khrom Capital Management LLC raised its position in shares of Kemper by 414.0% during the 1st quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider's stock valued at $26,332,000 after buying an additional 342,519 shares in the last quarter. Millennium Management LLC lifted its position in shares of Kemper by 1,336.4% during the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider's stock worth $20,228,000 after purchasing an additional 317,212 shares during the last quarter. Lighthouse Investment Partners LLC lifted its holdings in Kemper by 815.0% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider's stock valued at $17,889,000 after buying an additional 268,569 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Kemper by 254.1% during the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider's stock valued at $20,398,000 after acquiring an additional 251,036 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Kemper by 65.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider's stock worth $37,012,000 after purchasing an additional 246,184 shares during the period. Institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

KMPR has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Kemper from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, August 6th. Raymond James upped their target price on Kemper from $70.00 to $75.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 8th. TD Cowen lifted their target price on Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Five investment 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, Kemper currently has a consensus rating of "Buy" and a consensus price target of $79.00.

Kemper Trading Down 0.4 %

Shares of KMPR stock traded down $0.30 on Tuesday, hitting $70.23. The stock had a trading volume of 120,977 shares, compared to its average volume of 375,084. The company's 50 day moving average price is $62.90 and its 200-day moving average price is $61.41. Kemper Co. has a 1 year low of $40.93 and a 1 year high of $71.57. The firm has a market capitalization of $4.50 billion, a P/E ratio of 16.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted ($0.44) earnings per share. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. Kemper's payout ratio is 29.52%.

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.