Victory Capital Management Inc. Acquires 28,196 Shares of Kemper Co. (NYSE:KMPR)

Victory Capital Management Inc. lifted its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 425,221 shares of the insurance provider's stock after acquiring an additional 28,196 shares during the period. Victory Capital Management Inc. owned approximately 0.66% of Kemper worth $28,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. State Street Corp increased its holdings in Kemper by 3.9% in the 3rd quarter. State Street Corp now owns 2,136,621 shares of the insurance provider's stock worth $130,868,000 after buying an additional 79,622 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $61,933,000 after acquiring an additional 9,412 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of Kemper by 81.1% during the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider's stock valued at $51,333,000 after purchasing an additional 375,324 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Kemper by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock valued at $36,080,000 after purchasing an additional 28,807 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Kemper by 8.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 335,140 shares of the insurance provider's stock worth $20,527,000 after purchasing an additional 27,173 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have commented on KMPR. Raymond James upped their target price on shares of Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a report on Thursday, December 26th. TD Cowen lifted their price target on shares of Kemper from $72.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Piper Sandler lifted their target price on shares of Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $81.60.

Kemper Price Performance

Shares of NYSE:KMPR traded up $0.19 during midday trading on Wednesday, reaching $65.49. 156,433 shares of the company were exchanged, compared to its average volume of 342,258. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The stock has a market cap of $4.18 billion, a PE ratio of 13.34 and a beta of 0.88. The business's fifty day moving average is $66.09 and its two-hundred day moving average is $65.17. Kemper Co. has a one year low of $54.11 and a one year high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. As a group, analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.32 dividend. This is a boost from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper's dividend payout ratio (DPR) is presently 26.07%.

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.