Proficio Capital Partners LLC Acquires New Shares in Kemper Co. (NYSE:KMPR)

Proficio Capital Partners LLC bought a new position in Kemper Co. (NYSE:KMPR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,334 shares of the insurance provider’s stock, valued at approximately $1,285,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Clean Yield Group purchased a new position in shares of Kemper during the fourth quarter valued at approximately $45,000. GAMMA Investing LLC grew its position in Kemper by 32.2% in the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 174 shares during the period. Parkside Financial Bank & Trust purchased a new stake in Kemper during the 4th quarter valued at $63,000. Wilmington Savings Fund Society FSB purchased a new stake in Kemper during the 3rd quarter valued at $82,000. Finally, KBC Group NV lifted its holdings in shares of Kemper by 24.2% during the 3rd quarter. KBC Group NV now owns 2,050 shares of the insurance provider’s stock valued at $126,000 after buying an additional 400 shares during the period. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Piper Sandler boosted their price target on Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Raymond James increased their price objective on shares of Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kemper has an average rating of “Buy” and a consensus target price of $81.60.

Kemper Price Performance

NYSE KMPR opened at $67.36 on Friday. The business’s fifty day moving average is $66.35 and its 200 day moving average is $65.37. Kemper Co. has a fifty-two week low of $54.11 and a fifty-two week 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 company has a market capitalization of $4.30 billion, a PE ratio of 13.72 and a beta of 0.88.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. Sell-side analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.32 dividend. This is a positive change from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper’s dividend payout ratio is presently 26.07%.

Kemper Company 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.