Raymond James Financial Inc. Takes $23.33 Million Position in Kemper Co. (NYSE:KMPR)

Raymond James Financial Inc. purchased a new stake in Kemper Co. (NYSE:KMPR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 351,077 shares of the insurance provider's stock, valued at approximately $23,325,000. Raymond James Financial Inc. owned approximately 0.55% of Kemper as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Clean Yield Group acquired a new position in Kemper in the 4th quarter worth approximately $45,000. GAMMA Investing LLC grew its holdings in shares of Kemper by 32.2% during the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 174 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Kemper in the fourth quarter worth $63,000. Wilmington Savings Fund Society FSB acquired a new position in Kemper in the third quarter worth approximately $82,000. Finally, KBC Group NV raised its holdings in shares of Kemper by 24.2% during the 3rd quarter. KBC Group NV now owns 2,050 shares of the insurance provider's stock valued at $126,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Kemper Stock Performance

NYSE KMPR traded up $0.19 on Wednesday, hitting $67.30. 157,955 shares of the stock were exchanged, compared to its average volume of 358,172. 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 Co. has a 52 week low of $54.11 and a 52 week high of $73.01. The business's fifty day moving average is $66.24 and its 200 day moving average is $65.34. The company has a market capitalization of $4.30 billion, a PE ratio of 13.71 and a beta of 0.88.

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Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 EPS for the quarter, beating 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%. Research analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KMPR. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. TD Cowen increased their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Raymond James upped their target price 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. Finally, Piper Sandler lifted their price objective on Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Kemper currently has an average rating of "Buy" and an average target price of $81.60.

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.