Kemper Co. (NYSE:KMPR) Holdings Lowered by Bank of America Corp DE

Bank of America Corp DE reduced its stake in Kemper Co. (NYSE:KMPR - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 586,762 shares of the insurance provider's stock after selling 109,068 shares during the period. Bank of America Corp DE owned approximately 0.92% of Kemper worth $38,984,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KMPR. Ameriprise Financial Inc. lifted its stake in shares of Kemper by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider's stock worth $82,271,000 after acquiring an additional 52,290 shares in the last quarter. Boston Partners raised its position in shares of Kemper by 108.2% in the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after purchasing an additional 574,730 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Kemper by 69.2% during the 4th quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock valued at $60,661,000 after buying an additional 374,798 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Kemper by 11.2% during the 4th quarter. Northern Trust Corp now owns 554,437 shares of the insurance provider's stock valued at $36,837,000 after buying an additional 55,994 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Kemper by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock worth $36,080,000 after buying an additional 28,807 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a report 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 MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $79.40.

Kemper Stock Performance

Shares of NYSE KMPR traded down $1.20 during trading on Wednesday, reaching $63.07. The stock had a trading volume of 17,417 shares, compared to its average volume of 370,971. 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 Co. has a one year low of $53.57 and a one year high of $73.01. The firm's 50 day moving average price is $62.16 and its two-hundred day moving average price is $65.36. The stock has a market cap of $4.04 billion, a PE ratio of 12.87 and a beta of 1.26.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.17. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the firm earned $1.07 EPS. The business's quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts forecast that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Monday, May 19th. Kemper's payout ratio is 23.93%.

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.