Thrivent Financial for Lutherans Sells 393 Shares of Kemper Co. (NYSE:KMPR)

Thrivent Financial for Lutherans decreased its holdings in shares of Kemper Co. (NYSE:KMPR) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,228 shares of the insurance provider’s stock after selling 393 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kemper were worth $871,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KMPR. Harbor Capital Advisors Inc. acquired a new position in shares of Kemper during the 2nd quarter worth about $955,000. CWM LLC boosted its position in Kemper by 629.4% during the second quarter. CWM LLC now owns 3,523 shares of the insurance provider’s stock valued at $209,000 after purchasing an additional 3,040 shares during the last quarter. SG Americas Securities LLC grew its stake in Kemper by 56.1% in the second quarter. SG Americas Securities LLC now owns 5,997 shares of the insurance provider’s stock valued at $356,000 after purchasing an additional 2,156 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Kemper by 3.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,076 shares of the insurance provider’s stock worth $598,000 after purchasing an additional 311 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Kemper during the 2nd quarter worth approximately $336,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Piper Sandler raised their target price on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Raymond James lifted 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. JMP Securities restated a “market outperform” rating and issued a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Finally, UBS Group lifted their target price on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $79.00.

Kemper Stock Performance

KMPR opened at $70.28 on Wednesday. The firm has a market cap of $4.50 billion, a P/E ratio of 16.73 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. Kemper Co. has a 52-week low of $44.48 and a 52-week high of $73.01. The business’s fifty day moving average is $65.09 and its 200-day moving average is $62.17.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm earned ($0.44) EPS. Kemper’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts expect that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%. Kemper’s dividend payout ratio is currently 29.52%.

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.