19,334 Shares in Kemper Co. (NYSE:KMPR) Purchased by Proficio Capital Partners LLC

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

A number of other institutional investors and hedge funds have also recently modified their holdings of KMPR. State of Alaska Department of Revenue lifted its holdings in shares of Kemper by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,036 shares of the insurance provider’s stock worth $430,000 after purchasing an additional 475 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Kemper during the third quarter worth about $46,000. Versor Investments LP acquired a new stake in shares of Kemper during the third quarter worth about $423,000. GSA Capital Partners LLP lifted its holdings in shares of Kemper by 26.9% during the third quarter. GSA Capital Partners LLP now owns 51,630 shares of the insurance provider’s stock worth $3,162,000 after purchasing an additional 10,948 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Kemper by 31.3% during the third quarter. Aptus Capital Advisors LLC now owns 65,146 shares of the insurance provider’s stock worth $3,990,000 after purchasing an additional 15,548 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Trading Up 1.1 %

Shares of KMPR stock opened at $66.65 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 13.57 and a beta of 0.88. The stock has a 50 day simple moving average of $66.10 and a 200-day simple moving average of $65.05. Kemper Co. has a 1-year low of $54.11 and a 1-year high of $73.01.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. On average, equities research analysts expect that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. This is an increase from Kemper’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. Kemper’s dividend payout ratio is presently 26.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen lifted their target price on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Raymond James boosted their price target on Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a report on Thursday, December 26th. Piper Sandler boosted their price target on Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $81.60.

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.