New South Capital Management Inc. Sells 14,422 Shares of Kemper Co. (NYSE:KMPR)

New South Capital Management Inc. lowered its stake in Kemper Co. (NYSE:KMPR - Free Report) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 893,976 shares of the insurance provider's stock after selling 14,422 shares during the period. Kemper accounts for 2.2% of New South Capital Management Inc.'s holdings, making the stock its 17th biggest position. New South Capital Management Inc. owned 1.40% of Kemper worth $54,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMPR. GAMMA Investing LLC lifted its stake in shares of Kemper by 114.7% in the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock worth $33,000 after acquiring an additional 289 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kemper by 5,590.0% during the third 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 period. LRI Investments LLC acquired a new stake in Kemper in the first quarter worth about $36,000. Quarry LP raised its position in Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider's stock worth $38,000 after acquiring an additional 329 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Kemper during the 3rd quarter worth about $46,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMPR shares. Raymond James raised their target price on Kemper from $70.00 to $75.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 8th. JMP Securities reiterated a "market outperform" rating and issued a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. UBS Group upped their price target on Kemper from $67.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Finally, Piper Sandler raised their price objective on shares of Kemper from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Kemper has an average rating of "Buy" and a consensus price target of $76.20.

Kemper Trading Up 1.2 %

KMPR traded up $0.80 during midday trading on Tuesday, hitting $69.46. The company's stock had a trading volume of 318,681 shares, compared to its average volume of 376,571. The firm has a market cap of $4.45 billion, a P/E ratio of 16.39 and a beta of 0.85. The firm has a 50-day moving average price of $62.04 and a two-hundred day moving average price of $60.98. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper Co. has a 52-week low of $38.52 and a 52-week high of $69.68.

Kemper (NYSE:KMPR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the firm earned ($0.44) earnings per share. The company's revenue was down 1.7% on a year-over-year basis. On average, research analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.79%. Kemper's dividend payout ratio (DPR) is presently 29.52%.

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.