Man Group plc Decreases Position in Kemper Co. (NYSE:KMPR)

Man Group plc decreased its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,829 shares of the insurance provider's stock after selling 13,162 shares during the period. Man Group plc owned 0.29% of Kemper worth $12,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMPR. 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 valued at $40,000 after acquiring an additional 352 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of Kemper during the 4th quarter valued at about $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 buying an additional 529 shares during the period. Blue Trust Inc. raised its stake in Kemper by 44.6% in the fourth quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock worth $197,000 after buying an additional 993 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in Kemper in the fourth quarter worth about $202,000. Institutional investors own 86.23% of the company's stock.

Kemper Stock Down 2.8%

NYSE KMPR traded down $1.80 during trading hours on Wednesday, reaching $62.46. 315,798 shares of the company's stock traded hands, compared to its average volume of 372,127. Kemper Co. has a 52-week low of $53.57 and a 52-week high of $73.01. 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 50-day simple moving average of $62.16 and a 200 day simple moving average of $65.36. The firm has a market cap of $4.00 billion, a PE ratio of 12.72 and a beta of 1.26.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $1.07 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Monday, May 19th. Kemper's dividend payout ratio (DPR) is 23.93%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their target price on Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research report 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. Based on data from MarketBeat, the company currently 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.