Balyasny Asset Management L.P. Has $20.88 Million Stock Holdings in Kemper Co. (NYSE:KMPR)

Balyasny Asset Management L.P. raised its position in Kemper Co. (NYSE:KMPR - Free Report) by 175.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 314,295 shares of the insurance provider's stock after buying an additional 200,346 shares during the period. Balyasny Asset Management L.P. owned approximately 0.49% of Kemper worth $20,882,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its holdings in shares of Kemper by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,630 shares of the insurance provider's stock worth $1,769,000 after acquiring an additional 160 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Kemper by 0.9% in the 4th quarter. Arizona State Retirement System now owns 18,698 shares of the insurance provider's stock valued at $1,242,000 after purchasing an additional 161 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Kemper by 32.2% in the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 174 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Kemper by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock worth $597,000 after acquiring an additional 190 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in Kemper by 2.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider's stock worth $547,000 after acquiring an additional 206 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Price Performance

Shares of KMPR stock traded down $0.02 during trading hours on Tuesday, hitting $65.50. The company had a trading volume of 105,159 shares, compared to its average volume of 367,769. Kemper Co. has a 12 month low of $53.57 and a 12 month high of $73.01. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 13.34 and a beta of 1.26. The firm's fifty day moving average is $62.30 and its 200 day moving average is $65.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.17. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The company's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS. On average, sell-side analysts predict that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 1.95%. Kemper's dividend payout ratio is 23.93%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price objective on Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $79.40.

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.