Kemper Co. (NYSE:KMPR) Holdings Cut by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in Kemper Co. (NYSE:KMPRFree Report) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,175,629 shares of the insurance provider’s stock after selling 289,409 shares during the quarter. Vanguard Group Inc. owned approximately 9.64% of Kemper worth $259,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gyon Technologies Capital Management LP purchased a new stake in Kemper in the 4th quarter worth approximately $29,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Kemper during the 3rd quarter valued at $31,000. Exchange Traded Concepts LLC bought a new position in shares of Kemper during the 3rd quarter valued at $32,000. PNC Financial Services Group Inc. raised its holdings in shares of Kemper by 10.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,262 shares of the insurance provider’s stock valued at $111,000 after purchasing an additional 211 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Kemper by 444.8% during the 4th quarter. Deutsche Bank AG now owns 3,454 shares of the insurance provider’s stock valued at $170,000 after purchasing an additional 2,820 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Price Performance

Shares of Kemper stock opened at $61.91 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.20 and a current ratio of 0.20. The firm’s 50-day simple moving average is $58.78 and its 200-day simple moving average is $49.95. Kemper Co. has a twelve month low of $38.32 and a twelve month high of $64.69. The firm has a market cap of $3.98 billion, a P/E ratio of -14.57 and a beta of 0.90.

Kemper (NYSE:KMPRGet Free Report) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, research analysts expect that Kemper Co. will post 4.14 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.24 annualized dividend and a yield of 2.00%. Kemper’s dividend payout ratio is -29.18%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen assumed coverage on shares of Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 target price on the stock. Raymond James lifted their target price on shares of Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Piper Sandler lifted their target price on shares of Kemper from $56.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, UBS Group raised their price target on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $70.67.

Read Our Latest Stock Report on KMPR

About Kemper

(Free Report)

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.

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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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