Harbor Capital Advisors Inc. Acquires 11,391 Shares of Kemper Co. (NYSE:KMPR)

Harbor Capital Advisors Inc. raised its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 16.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,464 shares of the insurance provider's stock after purchasing an additional 11,391 shares during the quarter. Harbor Capital Advisors Inc. owned 0.12% of Kemper worth $5,312,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Boston Partners raised its stake in Kemper by 108.2% in the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after acquiring an additional 574,730 shares during the period. AQR Capital Management LLC grew its holdings 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. purchased a new stake in shares of Kemper during the 4th quarter valued at $23,325,000. Prudential Financial Inc. raised its position in Kemper by 3,378.5% during the fourth 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 bought a new stake in Kemper during the fourth quarter worth about $14,016,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Kemper Trading Down 1.3%

KMPR traded down $0.84 on Friday, hitting $63.00. 578,280 shares of the company were exchanged, compared to its average volume of 390,971. 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 firm has a fifty day simple moving average of $61.27 and a two-hundred day simple moving average of $64.59. The stock has a market capitalization of $4.03 billion, a PE ratio of 12.83 and a beta of 1.30. 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 posted its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. The company had revenue of $1.19 billion for 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%. Kemper's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Sell-side analysts expect that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.03%. Kemper's dividend payout ratio (DPR) is presently 23.93%.

Analysts Set New Price Targets

Several equities analysts have recently commented on KMPR shares. Piper Sandler reduced their price objective on Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut shares of Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $79.40.

Insider Activity at Kemper

In related news, Director Alberto J. Paracchini purchased 500 shares of Kemper stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the transaction, the director now directly owns 10,323 shares of the company's stock, valued at $637,032.33. This represents a 5.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Laderman acquired 2,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were purchased at an average cost of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the transaction, the director now owns 21,635 shares in the company, valued at approximately $1,346,562.40. This represents a 13.07% increase in their position. The disclosure for this purchase can be found here. 6.20% of the stock is owned by corporate insiders.

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.