BNP Paribas Financial Markets Buys 7,409 Shares of Kemper Co. (NYSE:KMPR)

BNP Paribas Financial Markets grew its stake in shares of Kemper Co. (NYSE:KMPR) by 158.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,097 shares of the insurance provider’s stock after buying an additional 7,409 shares during the period. BNP Paribas Financial Markets’ holdings in Kemper were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMPR. FMR LLC grew its position in Kemper by 294.9% in the third quarter. FMR LLC now owns 9,718 shares of the insurance provider’s stock worth $595,000 after acquiring an additional 7,257 shares in the last quarter. Quantbot Technologies LP lifted its stake in Kemper by 805,300.0% during the third quarter. Quantbot Technologies LP now owns 16,108 shares of the insurance provider’s stock worth $987,000 after purchasing an additional 16,106 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Kemper by 1,070.6% in the 3rd quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider’s stock worth $8,526,000 after purchasing an additional 128,213 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Kemper during the 3rd quarter valued at about $3,752,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Kemper by 244.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider’s stock valued at $1,155,000 after buying an additional 13,376 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KMPR has been the subject of a number of recent research reports. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. Finally, TD Cowen increased their price objective on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kemper currently has a consensus rating of “Buy” and a consensus target price of $79.00.

Kemper Price Performance

NYSE:KMPR opened at $67.64 on Friday. The business’s 50-day moving average is $66.43 and its 200 day moving average is $62.67. Kemper Co. has a 12 month low of $47.12 and a 12 month high of $73.01. The company has a market capitalization of $4.33 billion, a P/E ratio of 16.10 and a beta of 0.88. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted ($0.44) earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Kemper Co. will post 5.49 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, November 18th. Kemper’s payout ratio is 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.