Y Intercept Hong Kong Ltd Makes New Investment in Kemper Co. (NYSE:KMPR)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Kemper Co. (NYSE:KMPR) in the third quarter, Holdings Channel.com reports. The firm acquired 4,496 shares of the insurance provider’s stock, valued at approximately $275,000.

A number of other large investors have also made changes to their positions in KMPR. Westfield Capital Management Co. LP raised its position in shares of Kemper by 81.1% during the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after buying an additional 375,324 shares during the last quarter. Millennium Management LLC increased its stake in Kemper by 1,336.4% in the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after acquiring an additional 317,212 shares during the period. Lighthouse Investment Partners LLC grew its stake in Kemper by 815.0% during the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock worth $17,889,000 after buying an additional 268,569 shares during the last quarter. AQR Capital Management LLC grew its stake in Kemper by 254.1% during the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock worth $20,398,000 after buying an additional 251,036 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Kemper by 1,070.6% during the third quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider’s stock worth $8,526,000 after buying an additional 128,213 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

KMPR has been the topic of several research analyst reports. StockNews.com cut shares of Kemper from a “buy” rating to a “hold” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Finally, TD Cowen raised their price objective on shares of Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $79.00.

Kemper Stock Down 3.7 %

Shares of KMPR stock opened at $63.71 on Thursday. 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 $47.12 and a 1 year high of $73.01. The firm’s fifty day moving average price is $66.91 and its two-hundred day moving average price is $62.92. The firm has a market capitalization of $4.08 billion, a P/E ratio of 15.17 and a beta of 0.88.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned ($0.44) EPS. The company’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.95%. Kemper’s dividend payout ratio is presently 29.52%.

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.