Kemper Co. (NYSE:KMPR) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC boosted its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 934,571 shares of the insurance provider's stock after acquiring an additional 135,499 shares during the quarter. Driehaus Capital Management LLC owned about 1.46% of Kemper worth $62,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners increased its stake 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 holdings in Kemper by 69.2% in the 4th quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock worth $60,661,000 after buying an additional 374,798 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kemper in the fourth quarter valued at approximately $23,325,000. Prudential Financial Inc. increased its holdings in shares of Kemper by 3,378.5% in the fourth quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock valued at $15,724,000 after purchasing an additional 214,367 shares during the last quarter. Finally, Norges Bank acquired a new position in Kemper in the fourth quarter valued at approximately $14,016,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

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

Kemper Stock Performance

NYSE KMPR traded up $0.23 during trading hours on Tuesday, hitting $65.75. The company had a trading volume of 205,164 shares, compared to its average volume of 368,336. Kemper Co. has a 1-year low of $53.57 and a 1-year high of $73.01. The company has a market cap of $4.21 billion, a PE ratio of 13.39 and a beta of 1.26. The business has a 50 day moving average of $62.30 and a 200-day moving average of $65.33. 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 (NYSE:KMPR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Kemper Co. will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 1.95%. Kemper's payout ratio is currently 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.