Deprince Race & Zollo Inc. Sells 26,531 Shares of Kemper Co. (NYSE:KMPR)

Deprince Race & Zollo Inc. decreased its position in Kemper Co. (NYSE:KMPR - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 851,952 shares of the insurance provider's stock after selling 26,531 shares during the quarter. Kemper accounts for approximately 1.1% of Deprince Race & Zollo Inc.'s holdings, making the stock its 15th largest position. Deprince Race & Zollo Inc. owned 1.33% of Kemper worth $56,604,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KMPR. Bank of New York Mellon Corp boosted its position in Kemper by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock valued at $36,080,000 after purchasing an additional 28,807 shares during the period. Blue Trust Inc. grew its position in Kemper by 44.6% in the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock worth $197,000 after purchasing an additional 993 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kemper by 102.9% in the third 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 during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Kemper by 27.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider's stock valued at $380,000 after buying an additional 1,221 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Kemper by 52.0% in the 4th quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider's stock worth $242,000 after buying an additional 1,246 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 mid-day trading on Friday, hitting $64.16. The company had a trading volume of 545,417 shares, compared to its average volume of 367,209. The business's 50-day simple moving average is $62.32 and its 200-day simple moving average is $65.30. 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 firm has a market cap of $4.11 billion, a P/E ratio of 13.07 and a beta of 1.26. 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 quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The business's revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Monday, May 19th. Kemper's payout ratio is 26.07%.

Analyst Ratings Changes

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

Kemper 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.