Prudential Financial Inc. Grows Position in Kemper Co. (NYSE:KMPR)

Prudential Financial Inc. lifted its position in Kemper Co. (NYSE:KMPR - Free Report) by 3,378.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,712 shares of the insurance provider's stock after purchasing an additional 214,367 shares during the quarter. Prudential Financial Inc. owned about 0.34% of Kemper worth $15,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC increased its stake in Kemper by 565.8% in the 3rd quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider's stock worth $2,517,000 after acquiring an additional 34,922 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Kemper by 7.0% during the third quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider's stock worth $6,637,000 after purchasing an additional 7,127 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Kemper by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock worth $36,080,000 after purchasing an additional 28,807 shares during the last quarter. Blue Trust Inc. raised its stake in Kemper by 44.6% in the fourth quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock valued at $197,000 after purchasing an additional 993 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Kemper by 102.9% during the third quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider's stock valued at $12,358,000 after purchasing an additional 102,339 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

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Wall Street Analyst Weigh In

KMPR has been the topic of a number of research analyst reports. Raymond James increased their price target on shares of Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a report on Thursday, December 26th. Piper Sandler increased their target price on Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $81.60.

Kemper Trading Up 0.7 %

Kemper stock traded up $0.46 during mid-day trading on Tuesday, hitting $67.31. The company's stock had a trading volume of 351,333 shares, compared to its average volume of 350,621. The business has a 50 day moving average price of $66.74 and a 200-day moving average price of $65.79. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 13.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

Kemper (NYSE:KMPR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 EPS for the quarter, topping the consensus estimate 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, analysts forecast that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

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

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.