Sanctuary Advisors LLC Acquires New Holdings in Kemper Co. (NYSE:KMPR)

Sanctuary Advisors LLC bought a new stake in Kemper Co. (NYSE:KMPR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,543 shares of the insurance provider’s stock, valued at approximately $278,000.

A number of other large investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its holdings in shares of Kemper by 81.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after buying an additional 375,324 shares in the last quarter. Millennium Management LLC lifted its position in Kemper by 1,336.4% during the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after acquiring an additional 317,212 shares during the last quarter. Lighthouse Investment Partners LLC boosted its stake in Kemper by 815.0% in the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after acquiring an additional 268,569 shares in the last quarter. AQR Capital Management LLC grew its holdings in Kemper by 254.1% in the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock worth $20,398,000 after purchasing an additional 251,036 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Kemper by 1,070.6% during the third quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider’s stock worth $8,526,000 after purchasing an additional 128,213 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Raymond James raised their price objective on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday. StockNews.com downgraded Kemper from a “buy” rating to a “hold” rating in a report on Thursday. JMP Securities restated a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a report on Tuesday, October 15th. Finally, TD Cowen lifted their target price on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kemper has an average rating of “Buy” and a consensus price target of $80.40.

Kemper Stock Down 1.3 %

Shares of KMPR stock opened at $65.18 on Friday. Kemper Co. has a fifty-two week low of $48.15 and a fifty-two week high of $73.01. The firm has a market capitalization of $4.17 billion, a PE ratio of 15.52 and a beta of 0.88. 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 stock’s 50-day simple moving average is $67.36 and its 200-day simple moving average is $63.24.

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

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.90%. Kemper’s dividend payout ratio is presently 29.52%.

About Kemper

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.