Federated Hermes Inc. Has $356,000 Stock Holdings in Kemper Co. (NYSE:KMPR)

Federated Hermes Inc. decreased its holdings in shares of Kemper Co. (NYSE:KMPR) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the insurance provider’s stock after selling 188 shares during the quarter. Federated Hermes Inc.’s holdings in Kemper were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KMPR. Vanguard Group Inc. lifted its holdings in Kemper by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,203,724 shares of the insurance provider’s stock worth $301,935,000 after purchasing an additional 28,095 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Kemper by 9.6% in the fourth quarter. Schroder Investment Management Group now owns 1,820,530 shares of the insurance provider’s stock worth $88,605,000 after buying an additional 158,830 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Kemper by 3.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock worth $48,988,000 after buying an additional 23,285 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Kemper by 65.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock valued at $37,012,000 after buying an additional 246,184 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Kemper by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 568,704 shares of the insurance provider’s stock worth $33,741,000 after acquiring an additional 8,395 shares during the period. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMPR. Piper Sandler raised their price target on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. JMP Securities raised their target price on Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a report on Tuesday, August 6th. Raymond James upped their price target on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 8th. UBS Group raised their price objective on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, StockNews.com cut shares of Kemper from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $76.20.

Kemper Stock Performance

KMPR opened at $61.17 on Wednesday. The stock has a market cap of $3.94 billion, a PE ratio of -32.19 and a beta of 0.85. Kemper Co. has a 1 year low of $38.32 and a 1 year high of $65.93. The stock’s 50 day simple moving average is $61.80 and its 200-day simple moving average is $60.04. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52.

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

Kemper Announces Dividend

The firm also recently declared 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 2.03%. The ex-dividend date of this dividend was Monday, August 19th. Kemper’s dividend payout ratio is -65.26%.

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.