Whittier Trust Co. Sells 1,450 Shares of Kemper Co. (NYSE:KMPR)

Whittier Trust Co. cut its stake in Kemper Co. (NYSE:KMPR) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,481 shares of the insurance provider’s stock after selling 1,450 shares during the quarter. Whittier Trust Co.’s holdings in Kemper were worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KMPR. CWM LLC grew its position in Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 348 shares during the period. GAMMA Investing LLC boosted its stake in shares of Kemper by 114.7% in the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after buying an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Kemper by 5,590.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 559 shares during the period. LRI Investments LLC purchased a new stake in Kemper during the first quarter valued at $36,000. Finally, Quarry LP lifted its holdings in Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 329 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Down 1.1 %

KMPR opened at $62.57 on Wednesday. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 80.22 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.22 and a current ratio of 0.22. The firm’s fifty day moving average is $61.37 and its 200 day moving average is $60.26. Kemper Co. has a fifty-two week low of $38.52 and a fifty-two week high of $65.93.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.19 by $0.23. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.02 billion. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.26) earnings per share. On average, sell-side analysts forecast that Kemper Co. will post 5.01 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Monday, August 19th. Kemper’s dividend payout ratio (DPR) is currently 158.98%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. Raymond James increased their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com downgraded shares of Kemper from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. UBS Group raised their target price on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Piper Sandler boosted their price target on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.