Russell Investments Group Ltd. Sells 57,747 Shares of Kemper Co. (NYSE:KMPR)

Russell Investments Group Ltd. decreased its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 469,708 shares of the insurance provider's stock after selling 57,747 shares during the period. Russell Investments Group Ltd. owned approximately 0.73% of Kemper worth $31,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KMPR. Arizona State Retirement System raised its holdings in Kemper by 0.9% in the fourth quarter. Arizona State Retirement System now owns 18,698 shares of the insurance provider's stock worth $1,242,000 after purchasing an additional 161 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Kemper by 32.2% in the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock worth $48,000 after buying an additional 174 shares during the period. Pacer Advisors Inc. increased its stake in shares of Kemper by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock worth $597,000 after acquiring an additional 190 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Kemper by 2.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider's stock valued at $547,000 after acquiring an additional 206 shares during the period. Finally, American Century Companies Inc. boosted its stake in Kemper by 2.5% during the fourth quarter. American Century Companies Inc. now owns 13,551 shares of the insurance provider's stock worth $900,000 after acquiring an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have weighed in on KMPR shares. StockNews.com raised shares of Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Raymond James lifted their price objective on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a research note 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 note on Thursday, February 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $81.60.

Kemper Stock Down 2.3 %

KMPR stock traded down $1.31 during midday trading on Friday, hitting $56.80. The company's stock had a trading volume of 722,961 shares, compared to its average volume of 362,161. The firm's 50-day moving average is $65.34 and its 200-day moving average is $65.65. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper Co. has a 12 month low of $53.57 and a 12 month high of $73.01. The company has a market cap of $3.64 billion, a PE ratio of 11.57 and a beta of 1.05.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. On average, equities research analysts forecast that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.25%. Kemper's payout ratio is currently 26.07%.

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.