Expect Equity LLC Makes New Investment in Kemper Co. (NYSE:KMPR)

Expect Equity LLC bought a new position in shares of Kemper Co. (NYSE:KMPR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 27,910 shares of the insurance provider's stock, valued at approximately $1,854,000. Kemper accounts for 1.9% of Expect Equity LLC's investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Kemper by 5.6% in 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 in the last quarter. Blue Trust Inc. raised its position in shares of Kemper by 44.6% in the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock valued at $197,000 after purchasing an additional 993 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Kemper by 102.9% in 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. Y Intercept Hong Kong Ltd raised its position in shares of Kemper by 27.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider's stock valued at $380,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Kemper by 52.0% in the 4th quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider's stock valued at $242,000 after purchasing an additional 1,246 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Kemper Price Performance

Shares of NYSE KMPR traded down $0.46 during trading on Tuesday, hitting $65.06. The company had a trading volume of 691,835 shares, compared to its average volume of 370,069. The company has a market cap of $4.16 billion, a P/E ratio of 13.25 and a beta of 1.26. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. The business's 50-day moving average is $62.30 and its 200 day moving average is $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 posted its quarterly 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 company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The firm's revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. Equities research analysts predict that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, May 19th. Kemper's payout ratio is 23.93%.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price target on Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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.