Brevan Howard Capital Management LP Acquires Shares of 5,172 Kemper Co. (NYSE:KMPR)

Brevan Howard Capital Management LP bought a new stake in Kemper Co. (NYSE:KMPR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,172 shares of the insurance provider's stock, valued at approximately $344,000.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Kemper by 141.9% during the 4th 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 last quarter. Clean Yield Group bought a new stake in Kemper in the 4th quarter valued at $45,000. GAMMA Investing LLC raised its stake in 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 acquiring an additional 174 shares during the period. Parkside Financial Bank & Trust bought a new stake in Kemper in the 4th quarter valued at $63,000. Finally, KBC Group NV raised its stake in Kemper by 25.8% in the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider's stock valued at $171,000 after acquiring an additional 529 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Trading Down 1.3%

Shares of KMPR traded down $0.83 during mid-day trading on Wednesday, reaching $64.13. 416,466 shares of the company were exchanged, compared to its average volume of 370,709. The stock has a market capitalization of $4.10 billion, a PE ratio of 13.06 and a beta of 1.26. The business has a 50 day simple moving average of $62.29 and a two-hundred day simple moving average of $65.32. 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 52 week low of $53.57 and a 52 week high of $73.01.

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

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. Kemper's dividend payout ratio is presently 23.93%.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price target 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Kemper has a consensus rating of "Buy" and a consensus target price of $79.40.

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.