New South Capital Management Inc. Has $57.55 Million Stock Position in Kemper Co. (NYSE:KMPR)

New South Capital Management Inc. decreased its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 866,195 shares of the insurance provider's stock after selling 27,781 shares during the period. Kemper makes up about 2.4% of New South Capital Management Inc.'s investment portfolio, making the stock its 13th largest holding. New South Capital Management Inc. owned about 1.35% of Kemper worth $57,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMPR. Allspring Global Investments Holdings LLC boosted its position in Kemper by 5,590.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock worth $35,000 after acquiring an additional 559 shares during the last quarter. Clean Yield Group bought a new stake in shares of Kemper in the fourth quarter worth $45,000. GAMMA Investing LLC boosted 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. Capital Performance Advisors LLP bought a new position in Kemper in the third quarter valued at $46,000. Finally, Parkside Financial Bank & Trust acquired a new stake in Kemper in the 4th quarter valued at $63,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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Kemper Stock Performance

Kemper stock traded up $0.71 during midday trading on Friday, reaching $66.65. 412,525 shares of the company's stock were exchanged, compared to its average volume of 347,644. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The stock's 50-day simple moving average is $66.13 and its 200 day simple moving average is $65.10. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 13.57 and a beta of 0.88. Kemper Co. has a 52 week low of $54.11 and a 52 week high of $73.01.

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

Kemper Increases Dividend

The business 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 was Tuesday, February 18th. This is a positive change from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. Kemper's dividend payout ratio 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.