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

Man Group plc decreased its stake in Kemper Co. (NYSE:KMPR - Free Report) by 6.6% during the fourth quarter, according to its most recent 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 about 0.29% of Kemper worth $12,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position 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 bought a new stake in Kemper during the fourth quarter worth about $63,000. KBC Group NV boosted its holdings in shares of Kemper by 25.8% in the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider's stock worth $171,000 after purchasing an additional 529 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of Kemper in the 4th quarter worth about $202,000. Finally, Merit Financial Group LLC bought a new position in shares of Kemper during the 4th quarter valued at about $212,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Kemper Trading Down 0.2%

Shares of NYSE:KMPR traded down $0.15 on Friday, reaching $61.86. 57,804 shares of the company traded hands, compared to its average volume of 373,448. The stock has a market capitalization of $3.96 billion, a P/E ratio of 12.61 and a beta of 1.26. The business's 50-day simple moving average is $61.92 and its 200 day simple moving average is $65.34. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. Kemper's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. As a group, equities analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

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

Analyst Upgrades and Downgrades

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 report 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.