Nuveen Asset Management LLC Has $15.80 Million Stake in Kemper Co. (NYSE:KMPR)

Nuveen Asset Management LLC boosted its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 54.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,813 shares of the insurance provider's stock after acquiring an additional 83,372 shares during the period. Nuveen Asset Management LLC owned about 0.37% of Kemper worth $15,800,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Merit Financial Group LLC acquired a new stake in shares of Kemper in the fourth quarter valued at approximately $212,000. SG Americas Securities LLC increased its stake in shares of Kemper by 172.7% in the fourth quarter. SG Americas Securities LLC now owns 6,209 shares of the insurance provider's stock valued at $413,000 after purchasing an additional 3,932 shares during the period. Blue Trust Inc. increased its stake in shares of Kemper by 44.6% in the fourth quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock valued at $197,000 after purchasing an additional 993 shares during the period. KBC Group NV increased its stake in shares of Kemper by 25.8% in the fourth quarter. KBC Group NV now owns 2,579 shares of the insurance provider's stock valued at $171,000 after purchasing an additional 529 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Kemper by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock valued at $597,000 after purchasing an additional 190 shares during the period. Institutional investors own 86.23% of the company's stock.

Kemper Price Performance

Shares of NYSE KMPR traded down $1.03 during mid-day trading on Wednesday, reaching $62.61. 463,879 shares of the company traded hands, compared to its average volume of 379,858. 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 market cap of $4.01 billion, a PE ratio of 12.75 and a beta of 1.26. Kemper Co. has a fifty-two week low of $53.57 and a fifty-two week high of $73.01. The stock has a fifty day simple moving average of $61.63 and a 200-day simple moving average of $65.27.

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 firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities research analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Dividend Announcement

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

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price objective on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Five 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, Kemper presently has a consensus rating of "Buy" and an average target price of $79.40.

About Kemper

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.