Kemper Co. (NYSE:KMPR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 51.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,904 shares of the insurance provider's stock after selling 6,193 shares during the quarter. BNP Paribas Financial Markets' holdings in Kemper were worth $392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings 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 worth $36,080,000 after acquiring an additional 28,807 shares during the last quarter. Blue Trust Inc. lifted its holdings in Kemper by 44.6% during the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock valued at $197,000 after buying an additional 993 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Kemper by 27.2% during the 4th 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in Kemper by 52.0% during the 4th quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider's stock valued at $242,000 after buying an additional 1,246 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in Kemper during the 4th quarter valued at about $212,000. Institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price target on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $79.40.

Kemper Stock Up 0.0%

Shares of NYSE KMPR traded up $0.02 during trading hours on Friday, hitting $63.67. 13,027 shares of the stock were exchanged, compared to its average volume of 378,869. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.07 billion, a PE ratio of 12.98 and a beta of 1.26. The firm has a fifty day moving average price of $61.48 and a 200-day moving average price of $65.21. 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 released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, sell-side analysts expect that Kemper Co. will post 6.03 EPS for the current year.

Kemper Announces Dividend

The firm 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 dividend of $0.32 per share. The ex-dividend date is Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.01%. Kemper's dividend payout ratio (DPR) is presently 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.