Charles Schwab Investment Management Inc. Sells 21,048 Shares of Kemper Co. (NYSE:KMPR)

Charles Schwab Investment Management Inc. reduced its position in shares of Kemper Co. (NYSE:KMPR) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 792,953 shares of the insurance provider’s stock after selling 21,048 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.24% of Kemper worth $52,684,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KMPR. Versor Investments LP bought a new position in shares of Kemper during the 3rd quarter valued at approximately $423,000. Aptus Capital Advisors LLC grew its stake in shares of Kemper by 31.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 65,146 shares of the insurance provider’s stock valued at $3,990,000 after acquiring an additional 15,548 shares during the period. MQS Management LLC bought a new position in shares of Kemper during the 3rd quarter valued at approximately $239,000. KBC Group NV grew its stake in shares of Kemper by 24.2% during the 3rd quarter. KBC Group NV now owns 2,050 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 400 shares during the period. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in Kemper in the 3rd quarter worth approximately $430,000. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Performance

Shares of Kemper stock opened at $66.26 on Friday. The firm has a market cap of $4.23 billion, a P/E ratio of 13.49 and a beta of 0.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01. The stock’s fifty day moving average price is $66.07 and its 200-day moving average price is $65.17.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, beating 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 earnings per share for the current fiscal year.

Kemper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Kemper’s previous quarterly dividend of $0.31. Kemper’s payout ratio is 26.07%.

Wall Street Analysts Forecast Growth

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

About Kemper

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.