Alliancebernstein L.P. Reduces Holdings in Kemper Co. (NYSE:KMPR)

Alliancebernstein L.P. lessened its stake in Kemper Co. (NYSE:KMPR - Free Report) by 13.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 761,484 shares of the insurance provider's stock after selling 120,879 shares during the quarter. Alliancebernstein L.P. owned 1.19% of Kemper worth $50,593,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock worth $40,000 after acquiring an additional 352 shares during the last quarter. Clean Yield Group acquired a new stake in shares of Kemper in the 4th quarter valued at $45,000. GAMMA Investing LLC lifted its position in shares of Kemper by 32.2% during the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock worth $48,000 after purchasing an additional 174 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Kemper during the fourth quarter worth $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Kemper in the third quarter valued at $82,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Stock Performance

KMPR traded down $1.70 on Thursday, hitting $58.49. 141,523 shares of the company traded hands, compared to its average volume of 360,545. The company has a 50 day moving average of $65.69 and a 200-day moving average of $65.67. Kemper Co. has a 12-month low of $53.57 and a 12-month high of $73.01. The stock has a market capitalization of $3.74 billion, a PE ratio of 11.97 and a beta of 1.05. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50.

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

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.19%. Kemper's payout ratio is 26.07%.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMPR. Piper Sandler increased their price target 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. Raymond James boosted their price objective on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a research note on Thursday, December 26th. Finally, StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $81.60.

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.