Kemper Co. (NYSE:KMPR) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its stake in Kemper Co. (NYSE:KMPR - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,599 shares of the insurance provider's stock after selling 26,356 shares during the quarter. Two Sigma Investments LP owned about 0.43% of Kemper worth $18,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. increased its stake in Kemper by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider's stock valued at $82,271,000 after purchasing an additional 52,290 shares during the last quarter. Boston Partners increased its stake in Kemper by 108.2% in the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after purchasing an additional 574,730 shares during the last quarter. No Street GP LP increased its stake in Kemper by 5.3% in the fourth quarter. No Street GP LP now owns 1,100,000 shares of the insurance provider's stock valued at $73,084,000 after purchasing an additional 55,000 shares during the last quarter. Driehaus Capital Management LLC increased its stake in Kemper by 17.0% in the fourth quarter. Driehaus Capital Management LLC now owns 934,571 shares of the insurance provider's stock valued at $62,093,000 after purchasing an additional 135,499 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Kemper by 69.2% in the fourth quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock valued at $60,661,000 after purchasing an additional 374,798 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Stock Performance

NYSE:KMPR traded down $0.99 during trading hours on Wednesday, reaching $62.65. 65,308 shares of the stock were exchanged, compared to its average volume of 378,325. 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 firm has a 50 day simple moving average of $61.63 and a 200-day simple moving average of $65.27. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. The stock has a market capitalization of $4.01 billion, a P/E ratio of 12.76 and a beta of 1.26.

Kemper (NYSE:KMPR - Get Free Report) last released its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.17. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.07 EPS. Kemper's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, May 19th. Kemper's dividend payout ratio is currently 23.93%.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their target price 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kemper has an average rating of "Buy" and an average target price of $79.40.

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.