Proficio Capital Partners LLC Takes Position in Kemper Co. (NYSE:KMPR)

Proficio Capital Partners LLC acquired a new position in shares of Kemper Co. (NYSE:KMPR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,334 shares of the insurance provider's stock, valued at approximately $1,285,000.

Other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC raised its stake in shares of Kemper by 565.8% in the 3rd quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider's stock valued at $2,517,000 after purchasing an additional 34,922 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in Kemper by 81.1% during the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider's stock valued at $51,333,000 after buying an additional 375,324 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Kemper by 244.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider's stock worth $1,155,000 after buying an additional 13,376 shares during the last quarter. Verition Fund Management LLC grew its position in shares of Kemper by 7.0% in the 3rd quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider's stock worth $6,637,000 after acquiring an additional 7,127 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Kemper by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock valued at $36,080,000 after acquiring an additional 28,807 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

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Kemper Stock Performance

Shares of KMPR traded up $1.10 during trading hours on Monday, reaching $67.36. 338,965 shares of the company's stock traded hands, compared to its average volume of 342,465. Kemper Co. has a twelve month low of $54.11 and a twelve month high of $73.01. The business's fifty day simple moving average is $66.42 and its two-hundred day simple moving average is $65.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 13.72 and a beta of 0.88.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results 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%. Analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.90%. This is an increase from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper's dividend payout ratio is 26.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Raymond James raised their price target on Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a report on Thursday, December 26th. Finally, Piper Sandler increased their target price on 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 assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $81.60.

Kemper Company 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.