Quarry LP Purchases 329 Shares of Kemper Co. (NYSE:KMPR)

Quarry LP grew its position in shares of Kemper Co. (NYSE:KMPR) by 105.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 642 shares of the insurance provider’s stock after buying an additional 329 shares during the quarter. Quarry LP’s holdings in Kemper were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KMPR. YHB Investment Advisors Inc. purchased a new stake in Kemper in the 1st quarter worth $25,000. CWM LLC grew its position in shares of Kemper by 257.8% during the first quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 348 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Kemper during the first quarter valued at about $36,000. Blue Trust Inc. grew its position in shares of Kemper by 89.0% during the second 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 in the last quarter. Finally, nVerses Capital LLC grew its position in shares of Kemper by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 1,900 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Kemper Trading Up 1.3 %

KMPR opened at $61.25 on Friday. The firm has a market cap of $3.94 billion, a P/E ratio of -32.24 and a beta of 0.85. Kemper Co. has a 12 month low of $38.52 and a 12 month high of $65.93. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $61.42 and a 200 day moving average of $60.15.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.23. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.02 billion. Kemper had a net margin of 1.11% and a return on equity of 7.27%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. As a group, research analysts forecast that Kemper Co. will post 5.17 EPS for the current year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.02%. The ex-dividend date was Monday, August 19th. Kemper’s payout ratio is currently -65.26%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KMPR. Raymond James raised their price objective on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. Piper Sandler raised their price objective 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 price objective on Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 6th. StockNews.com lowered Kemper from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, UBS Group lifted their price target on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. One investment 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, the company currently has a consensus rating of “Buy” and an average price target of $76.20.

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.