Kemper Co. (NYSE:KMPR) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its holdings in Kemper Co. (NYSE:KMPR) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,372 shares of the insurance provider’s stock after selling 3,461 shares during the quarter. American International Group Inc. owned about 0.13% of Kemper worth $3,960,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Kemper by 211.1% during the fourth quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 361 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Kemper in the 4th quarter valued at about $66,000. SG Americas Securities LLC purchased a new position in Kemper during the 4th quarter worth approximately $119,000. TFO Wealth Partners LLC increased its position in Kemper by 83,566.7% during the fourth quarter. TFO Wealth Partners LLC now owns 2,510 shares of the insurance provider’s stock worth $122,000 after buying an additional 2,507 shares during the period. Finally, BKM Wealth Management LLC purchased a new stake in Kemper in the fourth quarter valued at approximately $148,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Stock Performance

NYSE:KMPR opened at $58.92 on Monday. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of -31.01 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21. Kemper Co. has a 1-year low of $38.32 and a 1-year high of $64.69. The firm’s fifty day moving average price is $58.86 and its 200 day moving average price is $56.79.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.02). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The firm’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.02) EPS. On average, sell-side analysts expect that Kemper Co. will post 4.48 EPS for the current year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, May 10th. Kemper’s dividend payout ratio (DPR) is -65.26%.

Insider Activity

In other Kemper news, Director Gerald Laderman acquired 5,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $61.01 per share, for a total transaction of $305,050.00. Following the completion of the transaction, the director now owns 16,700 shares of the company’s stock, valued at approximately $1,018,867. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

KMPR has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and set a $75.00 target price on shares of Kemper in a research report on Monday, April 15th. Piper Sandler raised their price objective on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kemper has an average rating of “Buy” and a consensus price target of $70.40.

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.