Driehaus Capital Management LLC Sells 30,153 Shares of Kemper Co. (NYSE:KMPR)

Driehaus Capital Management LLC trimmed its position in Kemper Co. (NYSE:KMPR) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,015,346 shares of the insurance provider’s stock after selling 30,153 shares during the quarter. Driehaus Capital Management LLC owned approximately 1.58% of Kemper worth $60,240,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new stake in shares of Kemper during the 1st quarter worth about $25,000. CWM LLC boosted its holdings in shares of Kemper by 257.8% during the first quarter. CWM LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 348 shares during the period. LRI Investments LLC bought a new position in shares of Kemper during the first quarter worth approximately $36,000. Blue Trust Inc. lifted its holdings in Kemper by 89.0% during the 2nd 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 last quarter. Finally, TFO Wealth Partners LLC boosted its stake in Kemper by 83,566.7% in the 4th quarter. TFO Wealth Partners LLC now owns 2,510 shares of the insurance provider’s stock valued at $122,000 after purchasing an additional 2,507 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMPR. Raymond James increased their price target on 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 Kemper from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. JMP Securities upped their price objective on shares of Kemper from $80.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 6th. UBS Group increased their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Piper Sandler lifted their price target on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One equities research 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 stock. According to data from MarketBeat, Kemper presently has a consensus rating of “Buy” and a consensus target price of $76.20.

Kemper Stock Down 0.5 %

Kemper stock opened at $60.79 on Friday. The firm has a 50 day moving average price of $61.68 and a two-hundred day moving average price of $60.07. 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 52-week low of $38.32 and a 52-week high of $65.93. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -31.99 and a beta of 0.85.

Kemper (NYSE:KMPR) last released its earnings results on Monday, August 5th. The insurance provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.19 by $0.23. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted ($0.26) earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis. Equities analysts predict that Kemper Co. will post 5.17 EPS for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, August 19th. Kemper’s dividend payout ratio (DPR) is currently -65.26%.

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.