Lord Abbett & CO. LLC Has $45.51 Million Stake in Kemper Co. (NYSE:KMPR)

Lord Abbett & CO. LLC lessened its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 685,008 shares of the insurance provider's stock after selling 20,787 shares during the quarter. Lord Abbett & CO. LLC owned 1.07% of Kemper worth $45,512,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Boston Partners lifted its position in Kemper by 108.2% in the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after acquiring an additional 574,730 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Kemper in the fourth quarter valued at approximately $23,325,000. Prudential Financial Inc. boosted its position in shares of Kemper by 3,378.5% during the fourth quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock valued at $15,724,000 after buying an additional 214,367 shares during the last quarter. Norges Bank purchased a new stake in Kemper in the 4th quarter valued at $14,016,000. Finally, Ceredex Value Advisors LLC lifted its stake in Kemper by 34,966.7% during the 4th quarter. Ceredex Value Advisors LLC now owns 157,800 shares of the insurance provider's stock valued at $10,484,000 after acquiring an additional 157,350 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Kemper Stock Performance

Shares of KMPR stock opened at $58.22 on Friday. The firm's 50 day moving average is $63.32 and its 200 day moving average is $65.37. The stock has a market capitalization of $3.73 billion, a P/E ratio of 11.86 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 current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.32 per share. This is a positive change from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 annualized dividend and a dividend yield of 2.20%. Kemper's payout ratio is presently 26.07%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KMPR. Piper Sandler raised their price target on shares of Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Kemper has an average rating of "Buy" and an average price target of $81.60.

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.

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