4,269 Shares in Kemper Co. (NYSE:KMPR) Acquired by Focus Partners Wealth

Focus Partners Wealth purchased a new position in Kemper Co. (NYSE:KMPR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,269 shares of the insurance provider's stock, valued at approximately $284,000.

Other hedge funds also recently bought and sold shares of the company. Boston Partners boosted its holdings in Kemper by 108.2% in the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock worth $73,363,000 after buying an additional 574,730 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Kemper by 69.2% during the fourth quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock worth $60,661,000 after purchasing an additional 374,798 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Kemper in the 4th quarter valued at $23,325,000. Prudential Financial Inc. lifted its holdings in Kemper by 3,378.5% in the 4th 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 in the last quarter. Finally, Norges Bank acquired a new stake in Kemper during the 4th quarter worth $14,016,000. Hedge funds and other 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 on the stock in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $79.40.

Kemper Trading Down 1.4%

Shares of KMPR stock traded down $0.88 during trading on Wednesday, hitting $62.76. 35,424 shares of the stock traded hands, compared to its average volume of 378,181. The firm's fifty day moving average price is $61.63 and its 200-day moving average price is $65.27. 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 capitalization of $4.02 billion, a P/E ratio of 12.78 and a beta of 1.26. Kemper Co. has a 52-week low of $53.57 and a 52-week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.19 billion during 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 company's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. As a group, research analysts forecast that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

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 given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, May 19th. Kemper's payout ratio is 23.93%.

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.