Charles Schwab Investment Management Inc. Sells 22,941 Shares of Kemper Co. (NYSE:KMPR)

Charles Schwab Investment Management Inc. lessened its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 814,001 shares of the insurance provider's stock after selling 22,941 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.27% of Kemper worth $49,858,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its stake in Kemper by 65.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider's stock valued at $37,012,000 after acquiring an additional 246,184 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of Kemper by 84.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider's stock worth $2,472,000 after buying an additional 18,290 shares during the period. Boston Partners boosted its stake in Kemper by 161.0% in the 1st quarter. Boston Partners now owns 263,432 shares of the insurance provider's stock valued at $16,297,000 after buying an additional 162,508 shares in the last quarter. Natixis Advisors LLC grew its position in Kemper by 50.6% in the second quarter. Natixis Advisors LLC now owns 68,604 shares of the insurance provider's stock valued at $4,070,000 after acquiring an additional 23,043 shares during the period. Finally, Phocas Financial Corp. raised its stake in Kemper by 37.4% during the third quarter. Phocas Financial Corp. now owns 168,283 shares of the insurance provider's stock worth $10,307,000 after acquiring an additional 45,796 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler upped their target price on shares of Kemper from $77.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. UBS Group increased their price target on Kemper from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Finally, Raymond James boosted their price objective on Kemper from $70.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $79.00.

Kemper Trading Up 0.8 %

KMPR stock traded up $0.56 during trading on Friday, hitting $71.49. The company had a trading volume of 177,761 shares, compared to its average volume of 378,850. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 17.02 and a beta of 0.85. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $64.89 and a 200-day moving average price of $62.08. Kemper Co. has a 12 month low of $43.18 and a 12 month high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last posted 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. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The firm's revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned ($0.44) EPS. As a group, analysts predict that Kemper Co. will post 5.36 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. Kemper's dividend payout ratio (DPR) is presently 29.52%.

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.