Verition Fund Management LLC Purchases 7,127 Shares of Kemper Co. (NYSE:KMPR)

Verition Fund Management LLC lifted its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,355 shares of the insurance provider's stock after purchasing an additional 7,127 shares during the quarter. Verition Fund Management LLC owned 0.17% of Kemper worth $6,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in shares of Kemper in the 3rd quarter valued at approximately $238,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kemper by 11.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,613 shares of the insurance provider's stock valued at $895,000 after buying an additional 1,472 shares during the period. BNP Paribas Financial Markets increased its position in shares of Kemper by 158.0% during the third quarter. BNP Paribas Financial Markets now owns 12,097 shares of the insurance provider's stock worth $741,000 after acquiring an additional 7,409 shares in the last quarter. FMR LLC raised its holdings in shares of Kemper by 294.9% during the third quarter. FMR LLC now owns 9,718 shares of the insurance provider's stock worth $595,000 after acquiring an additional 7,257 shares during the period. Finally, Quantbot Technologies LP lifted its position in Kemper by 805,300.0% in the 3rd quarter. Quantbot Technologies LP now owns 16,108 shares of the insurance provider's stock valued at $987,000 after acquiring an additional 16,106 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen increased their target price on Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. JMP Securities restated a "market outperform" rating and issued a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. Raymond James raised their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 8th. UBS Group lifted their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Finally, Piper Sandler increased their target price on shares of Kemper from $77.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $79.00.

Kemper Stock Performance

Kemper stock traded down $0.49 during trading hours on Monday, hitting $71.00. The company had a trading volume of 348,479 shares, compared to its average volume of 375,024. Kemper Co. has a one year low of $44.48 and a one year high of $73.01. The firm has a market cap of $4.55 billion, a PE ratio of 16.81 and a beta of 0.85. The firm has a 50-day moving average of $64.89 and a 200 day moving average of $62.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.28. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) earnings per share. On average, sell-side analysts expect that Kemper Co. will post 5.36 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be given a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. Kemper's payout ratio is presently 29.52%.

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.