Ceredex Value Advisors LLC Sells 157,669 Shares of Kemper Co. (NYSE:KMPR)

Ceredex Value Advisors LLC cut its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 99.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 450 shares of the insurance provider's stock after selling 157,669 shares during the quarter. Ceredex Value Advisors LLC's holdings in Kemper were worth $28,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Pallas Capital Advisors LLC bought a new stake in shares of Kemper in the 3rd quarter valued at about $289,000. State of Alaska Department of Revenue increased its stake in Kemper by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,036 shares of the insurance provider's stock worth $430,000 after purchasing an additional 475 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Kemper by 47.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,885 shares of the insurance provider's stock valued at $912,000 after purchasing an additional 4,809 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Kemper by 1.5% in the third quarter. International Assets Investment Management LLC now owns 89,356 shares of the insurance provider's stock worth $5,473,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Kemper in the third quarter worth $205,000. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KMPR has been the subject of several analyst reports. Piper Sandler increased their price target on shares of Kemper from $77.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. Raymond James increased their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 8th. UBS Group boosted their price target on Kemper from $67.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. Finally, StockNews.com lowered Kemper from a "buy" rating to a "hold" rating in a research report on Sunday, September 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kemper presently has a consensus rating of "Buy" and an average target price of $76.20.

Kemper Stock Up 0.3 %

Shares of KMPR traded up $0.16 on Friday, reaching $62.43. The stock had a trading volume of 558,288 shares, compared to its average volume of 330,873. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 14.86 and a beta of 0.85. The company has a 50-day simple moving average of $61.62 and a 200-day simple moving average of $60.65. Kemper Co. has a 12-month low of $38.52 and a 12-month high of $67.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.28. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company's quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.44) EPS. Sell-side analysts predict that Kemper Co. will post 5.06 EPS for the current year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.24 annualized dividend and a dividend yield of 1.99%. Kemper's payout ratio is 29.52%.

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.