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

Gotham Asset Management LLC acquired a new stake in Kemper Co. (NYSE:KMPR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 6,301 shares of the insurance provider's stock, valued at approximately $419,000.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Kemper by 141.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after buying an additional 352 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in Kemper in the 4th quarter valued at approximately $63,000. KBC Group NV grew its stake in Kemper by 25.8% in the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider's stock valued at $171,000 after buying an additional 529 shares in the last quarter. Blue Trust Inc. grew its stake in 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 buying an additional 993 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new position in Kemper in the 4th quarter valued at approximately $202,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Stock Down 0.1%

KMPR opened at $64.60 on Tuesday. The company has a fifty day moving average price of $62.20 and a 200-day moving average price of $65.37. The firm has a market capitalization of $4.13 billion, a P/E ratio of 13.16 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. Kemper Co. has a one year low of $53.57 and a one year 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 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $1.07 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Monday, May 19th. Kemper's dividend payout ratio is currently 23.93%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their price target on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $79.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.