Fayez Sarofim & Co Sells 266,270 Shares of Kemper Co. (NYSE:KMPR)

Fayez Sarofim & Co decreased its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 943,248 shares of the insurance provider's stock after selling 266,270 shares during the period. Fayez Sarofim & Co owned 1.48% of Kemper worth $62,669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Kemper by 141.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock worth $40,000 after buying an additional 352 shares during the last quarter. Clean Yield Group bought a new position in shares of Kemper in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 174 shares during the period. Parkside Financial Bank & Trust acquired a new position in Kemper during the fourth quarter valued at approximately $63,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Kemper in the third quarter worth $82,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMPR. StockNews.com upgraded shares of Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Piper Sandler raised their target price on Kemper from $83.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kemper currently has an average rating of "Buy" and an average price target of $81.60.

Kemper Price Performance

NYSE KMPR traded down $0.58 during trading on Friday, reaching $58.22. 471,748 shares of the company traded hands, compared to its average volume of 365,730. Kemper Co. has a 1-year low of $53.57 and a 1-year high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The stock's 50 day moving average price is $63.32 and its two-hundred day moving average price is $65.37. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 11.86 and a beta of 1.05.

Kemper (NYSE:KMPR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. As a group, analysts anticipate that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper's payout ratio is currently 26.07%.

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.