Gotham Asset Management LLC Acquires New Stake in Kemper Co. (NYSE:KMPR)

Gotham Asset Management LLC purchased a new stake in Kemper Co. (NYSE:KMPR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,301 shares of the insurance provider's stock, valued at approximately $419,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock worth $40,000 after acquiring an additional 352 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Kemper during the fourth quarter valued at approximately $63,000. KBC Group NV increased its position in shares of Kemper by 25.8% during the fourth quarter. KBC Group NV now owns 2,579 shares of the insurance provider's stock valued at $171,000 after acquiring an additional 529 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of Kemper during the 4th quarter worth $202,000. Finally, Merit Financial Group LLC bought a new position in shares of Kemper during the 4th quarter worth $212,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler cut their price target on 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $79.40.

Kemper Stock Performance

Shares of NYSE KMPR traded down $0.14 during mid-day trading on Friday, hitting $61.87. The company had a trading volume of 1,349,699 shares, compared to its average volume of 378,688. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 12.60 and a beta of 1.26. Kemper Co. has a 1 year low of $53.57 and a 1 year high of $73.01. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average price is $61.81 and its 200-day moving average price is $65.32.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.17. The company 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 firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. On average, sell-side analysts forecast that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Monday, May 19th. Kemper's dividend payout ratio is 23.93%.

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.