Thrivent Financial for Lutherans Sells 393 Shares of Kemper Co. (NYSE:KMPR)

Thrivent Financial for Lutherans trimmed its stake in shares of Kemper Co. (NYSE:KMPR) by 2.7% in the third quarter, Holdings Channel.com reports. The fund owned 14,228 shares of the insurance provider’s stock after selling 393 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kemper were worth $871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMPR. GAMMA Investing LLC boosted its position in shares of Kemper by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in 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 in the last quarter. Quarry LP grew its stake 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. Capital Performance Advisors LLP bought a new stake in shares of Kemper during the third quarter valued at approximately $46,000. Finally, Blue Trust Inc. raised its position in shares of Kemper by 89.0% during the second quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 572 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Trading Down 1.0 %

Shares of KMPR stock opened at $70.28 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 16.73 and a beta of 0.88. Kemper Co. has a 52-week low of $44.48 and a 52-week high of $73.01. The company has a 50-day simple moving average of $65.09 and a two-hundred day simple moving average of $62.17.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted ($0.44) earnings per share. Kemper’s quarterly revenue was down 1.7% on a year-over-year basis. Research analysts anticipate that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio (DPR) is currently 29.52%.

Analysts Set New Price Targets

KMPR has been the subject of several research reports. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Raymond James lifted their price objective on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a report on Thursday, August 8th. JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. UBS Group lifted their price target on Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Piper Sandler increased their price objective on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kemper currently has a consensus rating of “Buy” and an average target price of $79.00.

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.