Norges Bank Buys New Holdings in Kemper Co. (NYSE:KMPR)

Norges Bank acquired a new stake in shares of Kemper Co. (NYSE:KMPR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 210,964 shares of the insurance provider's stock, valued at approximately $14,016,000. Norges Bank owned approximately 0.33% of Kemper as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of KMPR. PKS Advisory Services LLC acquired a new stake in Kemper in the fourth quarter worth approximately $233,000. Modern Wealth Management LLC bought a new stake in shares of Kemper in the 4th quarter worth $241,000. Prudential Financial Inc. lifted its holdings in shares of Kemper by 3,378.5% in 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 period. LPL Financial LLC boosted its stake in Kemper by 16.2% during the fourth quarter. LPL Financial LLC now owns 11,147 shares of the insurance provider's stock valued at $741,000 after buying an additional 1,556 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its holdings in Kemper by 64.0% during the fourth quarter. Fox Run Management L.L.C. now owns 7,217 shares of the insurance provider's stock worth $479,000 after acquiring an additional 2,817 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Kemper Trading Down 2.3 %

KMPR stock traded down $1.31 during mid-day trading on Friday, reaching $56.80. 722,961 shares of the stock traded hands, compared to its average volume of 362,720. The stock's fifty day moving average is $65.34 and its 200-day moving average is $65.62. The company has a market cap of $3.64 billion, a P/E ratio of 11.57 and a beta of 1.05. 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 Co. has a 52-week low of $53.57 and a 52-week high of $73.01.

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Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 EPS 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%. As a group, sell-side analysts expect that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The firm also recently declared 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 an increase from Kemper's previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.25%. Kemper's payout ratio is currently 26.07%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMPR. Raymond James upped their price target on shares of Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a report on Thursday, December 26th. StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research note 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 company. Based on data from MarketBeat.com, Kemper currently has an average rating of "Buy" and a consensus 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.