Vanguard Group Inc. Sells 8,531 Shares of Kemper Co. (NYSE:KMPR)

Vanguard Group Inc. lessened its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,188,688 shares of the insurance provider's stock after selling 8,531 shares during the period. Vanguard Group Inc. owned 9.66% of Kemper worth $411,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC raised its stake in Kemper by 155.8% during the 3rd quarter. Cerity Partners LLC now owns 13,299 shares of the insurance provider's stock valued at $815,000 after acquiring an additional 8,099 shares in the last quarter. FMR LLC lifted its holdings in Kemper by 294.9% in the third quarter. FMR LLC now owns 9,718 shares of the insurance provider's stock worth $595,000 after purchasing an additional 7,257 shares during the period. BNP Paribas Financial Markets increased its stake in Kemper by 158.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,097 shares of the insurance provider's stock valued at $741,000 after buying an additional 7,409 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kemper by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,613 shares of the insurance provider's stock worth $895,000 after buying an additional 1,472 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Kemper in the 3rd quarter worth approximately $238,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Raymond James boosted their target price on Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a report on Thursday, December 26th. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Piper Sandler lifted their target price on Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kemper has an average rating of "Buy" and an average price target of $81.60.

Kemper Trading Down 10.7 %

Shares of Kemper stock traded down $6.93 on Friday, reaching $57.77. 1,053,420 shares of the company were exchanged, compared to its average volume of 355,048. Kemper Co. has a fifty-two week low of $54.11 and a fifty-two week high of $73.01. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 11.77 and a beta of 0.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $66.62 and a 200-day moving average price of $65.80.

Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. On average, analysts expect 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. Shareholders of record on Tuesday, February 18th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.22%. This is a boost from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper's payout ratio is presently 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.