Kemper Co. (NYSE:KMPR) Position Increased by Quest Partners LLC

Quest Partners LLC raised its position in Kemper Co. (NYSE:KMPR) by 279.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,170 shares of the insurance provider’s stock after purchasing an additional 7,489 shares during the quarter. Quest Partners LLC’s holdings in Kemper were worth $623,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KMPR. Blair William & Co. IL acquired a new position in Kemper in the first quarter worth approximately $228,000. LRI Investments LLC acquired a new position in shares of Kemper during the 1st quarter worth $36,000. Bayesian Capital Management LP bought a new position in shares of Kemper during the 1st quarter valued at $342,000. Khrom Capital Management LLC lifted its stake in shares of Kemper by 414.0% in the 1st quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock valued at $26,332,000 after purchasing an additional 342,519 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Kemper by 12.7% in the first quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock worth $31,919,000 after purchasing an additional 57,979 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Price Performance

NYSE:KMPR opened at $71.61 on Friday. The company has a fifty day moving average price of $63.83 and a 200 day moving average price of $61.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market cap of $4.59 billion, a P/E ratio of 17.05 and a beta of 0.85. Kemper Co. has a one year low of $42.32 and a one year high of $72.82.

Kemper (NYSE:KMPR) last issued its quarterly earnings data 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 company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned ($0.44) earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.73%. Kemper’s payout ratio is 29.52%.

Analyst Ratings Changes

A number of brokerages have weighed in on KMPR. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. Piper Sandler increased their price target on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. TD Cowen boosted their price objective on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Raymond James raised their target price on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $79.00.

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.