Lord Abbett & CO. LLC Sells 14,962 Shares of Kemper Co. (NYSE:KMPR)

Lord Abbett & CO. LLC cut its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 705,795 shares of the insurance provider's stock after selling 14,962 shares during the period. Lord Abbett & CO. LLC owned about 1.10% of Kemper worth $43,230,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KMPR. GAMMA Investing LLC boosted its holdings in Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock worth $35,000 after purchasing an additional 559 shares during the period. Quarry LP boosted its stake in shares of Kemper by 105.1% in the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 329 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Kemper during the third quarter worth $46,000. Finally, Blue Trust Inc. lifted its holdings in Kemper by 89.0% in the second quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider's stock valued at $75,000 after buying an additional 572 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Up 0.1 %

Kemper stock traded up $0.04 during midday trading on Friday, reaching $67.71. The stock had a trading volume of 259,899 shares, compared to its average volume of 310,799. The company has a fifty day moving average price of $66.55 and a two-hundred day moving average price of $62.81. Kemper Co. has a 12 month low of $47.12 and a 12 month high of $73.01. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.34 billion, a P/E ratio of 16.12 and a beta of 0.88.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The company's quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts expect that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, November 18th. Kemper's dividend payout ratio is currently 29.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMPR. JMP Securities reissued a "market outperform" rating and issued a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Finally, TD Cowen increased their price target on Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $79.00.

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.