Mutual of America Capital Management LLC Lowers Holdings in Kemper Co. (NYSE:KMPR)

Mutual of America Capital Management LLC trimmed its stake in shares of Kemper Co. (NYSE:KMPR) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,802 shares of the insurance provider’s stock after selling 929 shares during the period. Mutual of America Capital Management LLC’s holdings in Kemper were worth $2,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its holdings in Kemper by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,036 shares of the insurance provider’s stock valued at $430,000 after buying an additional 475 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Kemper during the 3rd quarter valued at about $46,000. Versor Investments LP purchased a new position in shares of Kemper in the 3rd quarter valued at about $423,000. GSA Capital Partners LLP raised its holdings in Kemper by 26.9% in the 3rd quarter. GSA Capital Partners LLP now owns 51,630 shares of the insurance provider’s stock worth $3,162,000 after purchasing an additional 10,948 shares during the period. Finally, Aptus Capital Advisors LLC boosted its position in Kemper by 31.3% during the third quarter. Aptus Capital Advisors LLC now owns 65,146 shares of the insurance provider’s stock worth $3,990,000 after purchasing an additional 15,548 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Stock Up 1.1 %

NYSE KMPR opened at $66.65 on Friday. Kemper Co. has a one year low of $54.11 and a one year high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The business has a fifty day moving average price of $66.10 and a 200 day moving average price of $65.05. The company has a market cap of $4.26 billion, a P/E ratio of 13.57 and a beta of 0.88.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. Research analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.32 per share. This is a boost from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper’s payout ratio is currently 26.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KMPR shares. Raymond James boosted their price objective on Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 26th. TD Cowen upped their price objective on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Piper Sandler boosted their target price on shares of Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $81.60.

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.