Fmr LLC Has $595,000 Stock Position in Kemper Co. (NYSE:KMPR)

Fmr LLC grew its position in Kemper Co. (NYSE:KMPR) by 294.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,718 shares of the insurance provider’s stock after purchasing an additional 7,257 shares during the period. Fmr LLC’s holdings in Kemper were worth $595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Kemper by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,429,101 shares of the insurance provider’s stock valued at $144,115,000 after buying an additional 30,882 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Kemper by 81.1% in the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after acquiring an additional 375,324 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Kemper by 2.8% in the second quarter. Deprince Race & Zollo Inc. now owns 741,775 shares of the insurance provider’s stock worth $44,010,000 after acquiring an additional 19,982 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kemper by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 568,704 shares of the insurance provider’s stock worth $33,741,000 after purchasing an additional 8,395 shares during the last quarter. Finally, Khrom Capital Management LLC raised its holdings in shares of Kemper by 4.1% during the 2nd quarter. Khrom Capital Management LLC now owns 442,513 shares of the insurance provider’s stock valued at $26,254,000 after purchasing an additional 17,251 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Performance

KMPR opened at $63.71 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $66.91 and its two-hundred day moving average price is $62.92. The firm has a market capitalization of $4.08 billion, a P/E ratio of 15.17 and a beta of 0.88. Kemper Co. has a 12-month low of $47.12 and a 12-month high of $73.01.

Kemper (NYSE:KMPR) last posted 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 $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.44) EPS. The business’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts forecast that Kemper Co. will post 5.36 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.95%. Kemper’s dividend payout ratio (DPR) is currently 29.52%.

Analyst Ratings Changes

A number of analysts have weighed in on KMPR shares. StockNews.com cut Kemper from a “buy” rating to a “hold” rating in a research report on Tuesday. TD Cowen raised 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $79.00.

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.