Kennedy Capital Management LLC Increases Stake in Kemper Co. (NYSE:KMPR)

Kennedy Capital Management LLC increased its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 320.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,156 shares of the insurance provider's stock after buying an additional 144,934 shares during the period. Kennedy Capital Management LLC owned 0.30% of Kemper worth $12,634,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Kemper by 3.9% during the 3rd quarter. State Street Corp now owns 2,136,621 shares of the insurance provider's stock valued at $130,868,000 after buying an additional 79,622 shares in the last quarter. Boston Partners raised its position in Kemper by 108.2% during the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after purchasing an additional 574,730 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kemper by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider's stock worth $61,933,000 after purchasing an additional 9,412 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Kemper by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock worth $36,080,000 after purchasing an additional 28,807 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Kemper by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 425,221 shares of the insurance provider's stock valued at $28,252,000 after purchasing an additional 28,196 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

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Wall Street Analysts Forecast Growth

KMPR has been the subject of several research reports. StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Piper Sandler increased their target price on shares of Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Raymond James lifted their target price on shares of Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $81.60.

Kemper Trading Up 0.7 %

KMPR traded up $0.40 during trading on Tuesday, hitting $58.48. 202,062 shares of the stock traded hands, compared to its average volume of 364,091. The firm has a market capitalization of $3.74 billion, a P/E ratio of 11.91 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 has a 50-day moving average of $65.13 and a 200 day moving average of $65.63.

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 net margin of 6.85% and a return on equity of 14.11%. Equities research analysts anticipate that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The firm also recently announced 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 26.07%.

About Kemper

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.