Corebridge Financial Inc. Reduces Stock Position in Kemper Co. (NYSE:KMPR)

Corebridge Financial Inc. trimmed its stake in shares of Kemper Co. (NYSE:KMPR) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,123 shares of the insurance provider’s stock after selling 3,494 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Kemper worth $4,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Kemper by 141.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock valued at $40,000 after buying an additional 352 shares during the last quarter. Clean Yield Group bought a new stake in shares of Kemper in the fourth quarter worth $45,000. GAMMA Investing LLC increased its position in Kemper by 32.2% during the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 174 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in Kemper in the fourth quarter valued at about $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Kemper in the third quarter worth about $82,000. Institutional investors own 86.23% of the company’s stock.

Kemper Stock Performance

KMPR opened at $66.97 on Monday. The company has a 50 day simple moving average of $66.68 and a two-hundred day simple moving average of $65.68. 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 firm has a market cap of $4.28 billion, a P/E ratio of 13.64 and a beta of 0.88. Kemper Co. has a 1-year low of $54.11 and a 1-year high of $73.01.

Kemper (NYSE:KMPR) last issued 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 net margin of 6.85% and a return on equity of 14.11%. Equities analysts forecast that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.91%. Kemper’s payout ratio is currently 26.07%.

Analysts Set New Price Targets

Several research firms have recently commented on KMPR. Piper Sandler upped their price target on shares of Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Raymond James upped their target price on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a report on Thursday, December 26th. Finally, StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.