Jane Street Group LLC Boosts Stake in Kemper Co. (NYSE:KMPR)

Jane Street Group LLC lifted its position in Kemper Co. (NYSE:KMPR) by 565.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,094 shares of the insurance provider’s stock after acquiring an additional 34,922 shares during the period. Jane Street Group LLC owned 0.06% of Kemper worth $2,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMPR. Westfield Capital Management Co. LP raised its holdings 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 worth $51,333,000 after purchasing an additional 375,324 shares in the last quarter. Millennium Management LLC grew its position in shares of Kemper by 1,336.4% in the 2nd quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock worth $20,228,000 after buying an additional 317,212 shares during the period. Lighthouse Investment Partners LLC increased its stake in shares of Kemper by 815.0% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock worth $17,889,000 after acquiring an additional 268,569 shares in the last quarter. AQR Capital Management LLC lifted its position in Kemper by 254.1% during the 2nd quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock valued at $20,398,000 after acquiring an additional 251,036 shares during the period. Finally, Bank of Montreal Can boosted its stake in Kemper by 1,070.6% during the third quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider’s stock worth $8,526,000 after acquiring an additional 128,213 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Price Performance

Shares of KMPR opened at $65.06 on Monday. The company has a market capitalization of $4.17 billion, a P/E ratio of 15.49 and a beta of 0.88. Kemper Co. has a twelve month low of $47.12 and a twelve month high of $73.01. 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 firm has a 50 day moving average of $67.07 and a 200 day moving average of $63.00.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) EPS. As a group, equities research analysts anticipate that Kemper Co. will post 5.36 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, November 18th. Kemper’s dividend payout ratio (DPR) is 29.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KMPR shares. StockNews.com downgraded shares of Kemper from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. TD Cowen raised their price objective on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, JMP Securities reissued a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.