Kemper Co. (NYSE:KMPR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Kemper Co. (NYSE:KMPR) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,203,724 shares of the insurance provider’s stock after purchasing an additional 28,095 shares during the period. Vanguard Group Inc. owned approximately 9.64% of Kemper worth $301,935,000 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. Blue Trust Inc. boosted its stake in shares of Kemper by 211.1% during the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 361 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Kemper during the 4th quarter worth about $66,000. SG Americas Securities LLC purchased a new position in Kemper in the 4th quarter valued at about $119,000. TFO Wealth Partners LLC lifted 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 buying an additional 2,507 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new position in Kemper in the 4th quarter valued at about $148,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMPR has been the topic of a number of research reports. Piper Sandler raised their price target on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a research note on Monday, April 15th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $70.40.

Insiders Place Their Bets

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

Kemper Stock Up 1.9 %

Shares of NYSE KMPR opened at $59.33 on Friday. The company has a 50 day simple moving average of $59.07 and a 200-day simple moving average of $57.11. The company has a market capitalization of $3.82 billion, a P/E ratio of -31.23 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.

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

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.09%. Kemper’s dividend payout ratio (DPR) is -65.26%.

Kemper 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.