Caxton Associates LP Acquires New Shares in Kemper Co. (NYSE:KMPR)

Caxton Associates LP bought a new position in shares of Kemper Co. (NYSE:KMPR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,639 shares of the insurance provider's stock, valued at approximately $308,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Barclays PLC boosted its holdings in Kemper by 72.3% in the third quarter. Barclays PLC now owns 29,067 shares of the insurance provider's stock worth $1,781,000 after acquiring an additional 12,196 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Kemper in the 3rd quarter valued at $82,000. JPMorgan Chase & Co. increased its stake in Kemper by 102.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider's stock valued at $12,358,000 after purchasing an additional 102,339 shares in the last quarter. GAMMA Investing LLC raised its holdings in Kemper by 32.2% during 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 last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Kemper by 19.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 68,073 shares of the insurance provider's stock valued at $4,523,000 after buying an additional 11,076 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Performance

Shares of NYSE KMPR traded up $1.68 during midday trading on Friday, reaching $64.16. The company's stock had a trading volume of 545,417 shares, compared to its average volume of 367,209. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $4.11 billion, a P/E ratio of 13.07 and a beta of 1.26. The firm has a 50 day moving average price of $62.32 and a 200-day moving average price of $65.30. Kemper Co. has a 12-month low of $53.57 and a 12-month high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (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 analyst estimates of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.07 EPS. As a group, equities analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The business also recently announced 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Monday, May 19th. Kemper's dividend payout ratio is currently 26.07%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their target price on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price 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.