Principal Financial Group Inc. Cuts Holdings in Kemper Co. (NYSE:KMPR)

Principal Financial Group Inc. trimmed its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 30.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 140,226 shares of the insurance provider's stock after selling 61,376 shares during the period. Principal Financial Group Inc. owned 0.22% of Kemper worth $8,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. SG Americas Securities LLC raised its position in Kemper by 56.8% during the 1st quarter. SG Americas Securities LLC now owns 3,841 shares of the insurance provider's stock worth $238,000 after buying an additional 1,391 shares during the last quarter. Sei Investments Co. increased its position in Kemper by 2.8% during the 1st quarter. Sei Investments Co. now owns 64,176 shares of the insurance provider's stock worth $3,974,000 after purchasing an additional 1,722 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Kemper by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 66,610 shares of the insurance provider's stock worth $4,124,000 after buying an additional 5,165 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of Kemper in the 1st quarter valued at approximately $228,000. Finally, Natixis Investment Managers International acquired a new position in Kemper during the first quarter worth $556,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Kemper Trading Down 0.0 %

NYSE KMPR traded down $0.03 during mid-day trading on Tuesday, reaching $70.50. 98,818 shares of the stock were exchanged, compared to its average volume of 375,010. The business's fifty day simple moving average is $62.90 and its 200 day simple moving average is $61.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $4.51 billion, a PE ratio of 16.71 and a beta of 0.85. Kemper Co. has a 1-year low of $40.93 and a 1-year high of $71.57.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business 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 business earned ($0.44) earnings per share. The business's revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.76%. Kemper's dividend payout ratio is presently 29.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. TD Cowen upped their target price on shares of Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday. JMP Securities reaffirmed a "market outperform" rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. Piper Sandler boosted their price target on Kemper from $77.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 6th. Finally, Raymond James raised their price objective on Kemper from $70.00 to $75.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 8th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target 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.