Marshall Wace LLP Sells 36,662 Shares of Kemper Co. (NYSE:KMPR)

Marshall Wace LLP decreased its holdings in Kemper Co. (NYSE:KMPR) by 19.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,185 shares of the insurance provider’s stock after selling 36,662 shares during the period. Marshall Wace LLP owned 0.24% of Kemper worth $9,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Kemper during the fourth quarter worth $14,360,000. Treasurer of the State of North Carolina raised its position in shares of Kemper by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,692 shares of the insurance provider’s stock worth $1,299,000 after buying an additional 260 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Kemper by 83,566.7% in the fourth quarter. TFO Wealth Partners LLC now owns 2,510 shares of the insurance provider’s stock worth $122,000 after buying an additional 2,507 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Kemper during the fourth quarter valued at $873,000. Finally, Pinebridge Investments L.P. increased its stake in Kemper by 78.6% in the 4th quarter. Pinebridge Investments L.P. now owns 38,002 shares of the insurance provider’s stock worth $1,850,000 after acquiring an additional 16,721 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Performance

Shares of KMPR stock opened at $60.82 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.22 and a current ratio of 0.22. Kemper Co. has a fifty-two week low of $38.32 and a fifty-two week high of $65.93. The company has a market capitalization of $3.92 billion, a P/E ratio of -32.01 and a beta of 0.85. The stock has a 50 day moving average price of $61.68 and a two-hundred day moving average price of $60.09.

Kemper (NYSE:KMPR) last announced its earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.23. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.26) EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Analysts expect that Kemper Co. will post 5.17 earnings per share for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, August 19th. Kemper’s payout ratio is presently -65.26%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group lifted their price target on Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Raymond James lifted their target price on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com lowered shares of Kemper from a “buy” rating to a “hold” rating in a report on Sunday, September 8th. Piper Sandler raised their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, JMP Securities upped their price objective on shares of Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $76.20.

Kemper Company 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.