Chartwell Investment Partners LLC Sells 34,124 Shares of Kemper Co. (NYSE:KMPR)

Chartwell Investment Partners LLC trimmed its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 220,371 shares of the insurance provider's stock after selling 34,124 shares during the quarter. Chartwell Investment Partners LLC owned about 0.34% of Kemper worth $13,498,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KMPR. GAMMA Investing LLC increased its holdings in Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock valued at $33,000 after buying an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock valued at $35,000 after purchasing an additional 559 shares during the last quarter. LRI Investments LLC acquired a new position in Kemper during the first quarter worth $36,000. Quarry LP lifted its holdings in Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider's stock worth $38,000 after buying an additional 329 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Kemper in the third quarter valued at $46,000. 86.23% of the stock is currently owned by institutional investors.

Kemper Price Performance

Shares of KMPR traded up $1.13 during trading hours on Monday, hitting $68.95. 212,624 shares of the company were exchanged, compared to its average volume of 375,535. 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 Co. has a fifty-two week low of $38.52 and a fifty-two week high of $69.53. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 16.15 and a beta of 0.85. The firm's fifty day moving average is $61.92 and its 200 day moving average is $60.91.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned ($0.44) EPS. The company's revenue was down 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Monday, November 18th. Kemper's dividend payout ratio is currently 29.52%.

Analyst Upgrades and Downgrades

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

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.