Harbor Capital Advisors Inc. Raises Position in Kemper Co. (NYSE:KMPR)

Harbor Capital Advisors Inc. boosted its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 254.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,997 shares of the insurance provider's stock after purchasing an additional 40,895 shares during the period. Harbor Capital Advisors Inc. owned about 0.09% of Kemper worth $3,491,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KMPR. State of Michigan Retirement System lifted its position in shares of Kemper by 2.8% during the 1st quarter. State of Michigan Retirement System now owns 14,896 shares of the insurance provider's stock valued at $922,000 after buying an additional 400 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in Kemper by 0.6% during the first quarter. Retirement Systems of Alabama now owns 75,928 shares of the insurance provider's stock valued at $4,701,000 after purchasing an additional 478 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Kemper during the first quarter worth about $624,000. GSA Capital Partners LLP increased its stake in shares of Kemper by 160.5% in the first quarter. GSA Capital Partners LLP now owns 11,964 shares of the insurance provider's stock worth $741,000 after purchasing an additional 7,371 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of Kemper by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 52,918 shares of the insurance provider's stock valued at $3,277,000 after purchasing an additional 878 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Price Performance

NYSE KMPR traded up $0.19 during trading on Monday, reaching $62.62. The company's stock had a trading volume of 562,450 shares, compared to its average volume of 375,700. The stock has a market capitalization of $4.01 billion, a PE ratio of 14.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a fifty day moving average of $61.62 and a 200 day moving average of $60.68. Kemper Co. has a one year low of $38.52 and a one year high of $67.60.

Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the business earned ($0.44) earnings per share. Kemper's revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts expect that Kemper Co. will post 5.06 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.31 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.24 annualized dividend and a yield of 1.98%. Kemper's dividend payout ratio (DPR) is presently 29.52%.

Wall Street Analyst Weigh In

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

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.