Renaissance Technologies LLC Decreases Holdings in Kemper Co. (NYSE:KMPR)

Renaissance Technologies LLC lessened its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,310 shares of the insurance provider's stock after selling 4,900 shares during the period. Renaissance Technologies LLC owned approximately 0.19% of Kemper worth $7,927,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Jane Street Group LLC grew its stake in shares of Kemper by 565.8% during the 3rd quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider's stock worth $2,517,000 after purchasing an additional 34,922 shares during the period. Bank of New York Mellon Corp grew 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 worth $36,080,000 after buying an additional 28,807 shares during the period. Blue Trust Inc. increased its holdings in Kemper by 44.6% in the fourth quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock valued at $197,000 after buying an additional 993 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Kemper by 102.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider's stock valued at $12,358,000 after acquiring an additional 102,339 shares during the period. Finally, FMR LLC boosted its stake in shares of Kemper by 294.9% during the 3rd quarter. FMR LLC now owns 9,718 shares of the insurance provider's stock worth $595,000 after acquiring an additional 7,257 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Raymond James lifted their price target on Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a research note on Thursday, December 26th. Finally, Piper Sandler increased their price objective 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kemper presently has an average rating of "Buy" and an average price target of $81.60.

Kemper Trading Up 4.1 %

NYSE:KMPR traded up $2.30 on Wednesday, reaching $58.55. The stock had a trading volume of 107,600 shares, compared to its average volume of 366,295. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 11.92 and a beta of 1.05. Kemper Co. has a 12-month low of $53.57 and a 12-month high of $73.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The firm's fifty day moving average is $63.82 and its two-hundred day moving average is $65.43.

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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.19%. 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.