Legal & General Group Plc Has $6.57 Million Stake in Kemper Co. (NYSE:KMPR)

Legal & General Group Plc cut its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,851 shares of the insurance provider's stock after selling 7,871 shares during the quarter. Legal & General Group Plc owned approximately 0.15% of Kemper worth $6,568,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in Kemper by 141.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 352 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Kemper in the fourth quarter valued at approximately $45,000. GAMMA Investing LLC lifted its holdings in Kemper by 32.2% during the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock worth $48,000 after buying an additional 174 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in Kemper in the 4th quarter valued at $63,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Kemper in the 3rd quarter valued at $82,000. 86.23% of the stock is owned by institutional investors.

Kemper Trading Down 0.2 %

NYSE KMPR traded down $0.14 during trading on Thursday, reaching $58.45. 42,730 shares of the stock traded hands, compared to its average volume of 367,475. Kemper Co. has a fifty-two week low of $53.57 and a fifty-two week high of $73.01. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 11.89 and a beta of 1.05. The stock's 50-day moving average price is $63.64 and its 200 day moving average price is $65.38.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results 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%. Analysts predict that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.32 per share. 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%. The ex-dividend date was Tuesday, February 18th. Kemper's dividend payout ratio is currently 26.07%.

Wall Street Analysts Forecast Growth

KMPR has been the topic of several research reports. Raymond James upped their price target on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a research note on Thursday, December 26th. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Finally, Piper Sandler lifted their price target 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. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kemper has an average rating of "Buy" and a consensus target price of $81.60.

Kemper 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.