Amalgamated Bank Sells 1,786 Shares of Kemper Co. (NYSE:KMPR)

Amalgamated Bank cut its stake in Kemper Co. (NYSE:KMPR) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,825 shares of the insurance provider’s stock after selling 1,786 shares during the quarter. Amalgamated Bank’s holdings in Kemper were worth $1,766,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KMPR. GAMMA Investing LLC increased its stake in Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after buying an additional 559 shares during the period. LRI Investments LLC bought a new stake in shares of Kemper in the 1st quarter valued at $36,000. Quarry LP raised its stake in Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after buying an additional 329 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Kemper by 89.0% during the second quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock worth $75,000 after acquiring an additional 572 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMPR has been the topic of a number of research analyst reports. Raymond James raised their price target on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group lifted their price target on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. Piper Sandler boosted their price objective 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. Finally, StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kemper currently has an average rating of “Buy” and an average price target of $76.20.

Kemper Stock Up 1.2 %

Kemper stock opened at $69.46 on Wednesday. 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 Co. has a 1-year low of $38.52 and a 1-year high of $69.68. The company has a fifty day simple moving average of $62.16 and a 200 day simple moving average of $61.07. The company has a market cap of $4.45 billion, a P/E ratio of 16.54 and a beta of 0.85.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business 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 business earned ($0.44) earnings per share. Kemper’s quarterly revenue was down 1.7% on a year-over-year basis. Research analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, November 18th. Kemper’s dividend payout ratio is currently 29.52%.

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.