Nomura Holdings Inc. Acquires Shares of 7,988 Kemper Co. (NYSE:KMPR)

Nomura Holdings Inc. purchased a new stake in Kemper Co. (NYSE:KMPR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,988 shares of the insurance provider's stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Treasurer of the State of North Carolina increased its holdings in Kemper by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,630 shares of the insurance provider's stock valued at $1,769,000 after acquiring an additional 160 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Kemper by 0.9% in the 4th quarter. Arizona State Retirement System now owns 18,698 shares of the insurance provider's stock worth $1,242,000 after buying an additional 161 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Kemper by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock worth $597,000 after buying an additional 190 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Kemper by 2.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider's stock worth $547,000 after buying an additional 206 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Kemper by 2.5% in the 4th quarter. American Century Companies Inc. now owns 13,551 shares of the insurance provider's stock worth $900,000 after buying an additional 334 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Price Performance

Shares of Kemper stock traded up $1.75 during trading hours on Tuesday, reaching $63.68. The company's stock had a trading volume of 587,070 shares, compared to its average volume of 379,521. The firm has a 50 day moving average price of $61.63 and a 200-day moving average price of $65.27. Kemper Co. has a one year low of $53.57 and a one year 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 stock has a market cap of $4.07 billion, a P/E ratio of 12.97 and a beta of 1.26.

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, topping 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 analysts' expectations of $1.21 billion. During the same period in the previous year, the company earned $1.07 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that Kemper Co. will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.01%. Kemper's dividend payout ratio is presently 23.93%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.