Kemper Co. (NYSE:KMPR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 43.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,950 shares of the insurance provider's stock after selling 86,806 shares during the period. JPMorgan Chase & Co. owned about 0.18% of Kemper worth $7,637,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arizona State Retirement System lifted its position in shares of Kemper by 0.9% during the 4th quarter. Arizona State Retirement System now owns 18,698 shares of the insurance provider's stock valued at $1,242,000 after acquiring an additional 161 shares during the period. GAMMA Investing LLC raised its holdings in Kemper by 32.2% during the fourth 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. Pacer Advisors Inc. boosted its position in Kemper by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock worth $597,000 after purchasing an additional 190 shares in the last quarter. American Century Companies Inc. grew its holdings in Kemper by 2.5% in the fourth quarter. American Century Companies Inc. now owns 13,551 shares of the insurance provider's stock valued at $900,000 after purchasing an additional 334 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after buying an additional 352 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Raymond James upped their price target 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. Finally, StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $81.60.

Kemper Trading Up 2.0 %

NYSE:KMPR traded up $1.09 on Tuesday, reaching $56.21. The stock had a trading volume of 399,655 shares, compared to its average volume of 367,298. Kemper Co. has a 12-month low of $53.57 and a 12-month high of $73.01. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 11.45 and a beta of 1.05. The firm's fifty day moving average is $63.82 and its two-hundred day moving average is $65.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

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%. Equities analysts expect that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.28%. This is an increase from Kemper's previous quarterly dividend of $0.31. Kemper's payout ratio is currently 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.