28,038 Shares in Kemper Co. (NYSE:KMPR) Acquired by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in shares of Kemper Co. (NYSE:KMPR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 28,038 shares of the insurance provider's stock, valued at approximately $1,863,000.

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

Wall Street Analyst Weigh In

KMPR has been the topic of several recent research reports. Piper Sandler lifted their price objective 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. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Raymond James upped their price target on shares of Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a research note on Thursday, December 26th. Five 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 company has a consensus rating of "Buy" and a consensus price target of $81.60.

Kemper Price Performance

Shares of NYSE KMPR traded down $0.74 during trading on Friday, hitting $56.77. The company had a trading volume of 400,323 shares, compared to its average volume of 366,038. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $3.63 billion, a P/E ratio of 11.56 and a beta of 1.05. The business's 50-day moving average is $64.48 and its 200 day moving average is $65.49. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. Equities research analysts predict that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.32 dividend. This is a positive change from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a yield of 2.25%. Kemper's dividend payout ratio (DPR) is currently 26.07%.

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.