Kemper Co. (NYSE:KMPR) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its stake in Kemper Co. (NYSE:KMPR) by 11.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 66,951 shares of the insurance provider’s stock after selling 8,954 shares during the period. Raymond James & Associates owned about 0.10% of Kemper worth $4,101,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its holdings in Kemper by 3.0% in 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 during the last quarter. Russell Investments Group Ltd. increased its holdings in Kemper by 30.3% in the 1st quarter. Russell Investments Group Ltd. now owns 476,049 shares of the insurance provider’s stock valued at $29,478,000 after purchasing an additional 110,752 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Kemper by 65.2% in 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 buying an additional 246,184 shares during the period. Janus Henderson Group PLC boosted its position in Kemper by 12.7% in the 1st quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock valued at $31,919,000 after buying an additional 57,979 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Kemper by 84.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock valued at $2,472,000 after buying an additional 18,290 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Price Performance

Kemper stock opened at $62.43 on Friday. The stock has a market cap of $4.00 billion, a P/E ratio of 14.86 and a beta of 0.85. The company has a fifty day simple moving average of $61.62 and a 200-day simple moving average of $60.62. Kemper Co. has a 12-month low of $38.52 and a 12-month high of $67.60. 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 released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.32. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.44) EPS. Equities analysts expect that Kemper Co. will post 5.06 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, August 19th. This represents a $1.24 annualized dividend and a yield of 1.99%. Kemper’s dividend payout ratio is currently 29.52%.

Analyst Ratings Changes

Several brokerages have commented on KMPR. UBS Group raised their price target on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. Raymond James raised their price target on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com cut shares of Kemper from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Piper Sandler raised their price target on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kemper presently has an average rating of “Buy” and a consensus price target of $76.20.

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.