Sequoia Financial Advisors LLC Invests $205,000 in Kemper Co. (NYSE:KMPR)

Sequoia Financial Advisors LLC bought a new position in Kemper Co. (NYSE:KMPR) during the third quarter, Holdings Channel reports. The fund bought 3,352 shares of the insurance provider’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position 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 period. Allspring Global Investments Holdings LLC grew its position in shares of Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock worth $35,000 after buying an additional 559 shares during the period. LRI Investments LLC purchased a new stake in Kemper during the 1st quarter valued at about $36,000. Quarry LP grew its position in Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 329 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Kemper by 89.0% during the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 572 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. JMP Securities reissued a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. UBS Group increased their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Piper Sandler raised their price target on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Raymond James raised their price target 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. Finally, StockNews.com downgraded shares of Kemper from a “buy” rating to a “hold” rating in a report on Sunday, September 8th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.20.

Kemper Price Performance

Shares of NYSE:KMPR opened at $63.52 on Wednesday. The firm’s 50 day moving average price is $61.56 and its 200-day moving average price is $60.53. Kemper Co. has a twelve month low of $38.52 and a twelve month high of $65.93. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $4.09 billion, a PE ratio of 81.44 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 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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned ($0.26) EPS. The firm’s revenue was down 10.5% compared to the same quarter last year. Equities research analysts expect that Kemper Co. will post 5.01 EPS for the current year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders 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 1.95%. The ex-dividend date was Monday, August 19th. Kemper’s payout ratio is 158.98%.

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.