First Eagle Investment Management LLC Acquires 19,098 Shares of Kemper Co. (NYSE:KMPR)

First Eagle Investment Management LLC raised its holdings in shares of Kemper Co. (NYSE:KMPR) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,868 shares of the insurance provider’s stock after purchasing an additional 19,098 shares during the period. First Eagle Investment Management LLC owned 0.44% of Kemper worth $16,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KMPR. Vanguard Group Inc. raised its holdings in shares of Kemper by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,203,724 shares of the insurance provider’s stock valued at $301,935,000 after acquiring an additional 28,095 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Kemper by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,429,101 shares of the insurance provider’s stock worth $144,115,000 after purchasing an additional 30,882 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Kemper by 9.6% in the 4th quarter. Schroder Investment Management Group now owns 1,820,530 shares of the insurance provider’s stock worth $88,605,000 after purchasing an additional 158,830 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Kemper by 3.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock valued at $48,988,000 after purchasing an additional 23,285 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Kemper by 65.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock valued at $37,012,000 after purchasing an additional 246,184 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KMPR. StockNews.com lowered shares of Kemper from a “buy” rating to a “hold” rating in a report on Sunday, September 8th. JMP Securities lifted their price target on Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 6th. Piper Sandler upped their price target on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. UBS Group raised their price objective on Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Raymond James boosted their target price on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $76.20.

Kemper Stock Down 0.8 %

Shares of NYSE:KMPR opened at $60.77 on Thursday. Kemper Co. has a 12-month low of $38.32 and a 12-month high of $65.93. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of -31.98 and a beta of 0.85. The stock has a fifty day simple moving average of $61.87 and a two-hundred day simple moving average of $59.95. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52.

Kemper (NYSE:KMPR) last posted its quarterly earnings results 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.02 billion. Kemper had a return on equity of 7.27% and a net margin of 1.11%. Kemper’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) EPS. On average, research analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Monday, August 19th. Kemper’s payout ratio is -65.26%.

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.