Nuveen Asset Management LLC Acquires 83,372 Shares of Kemper Co. (NYSE:KMPR)

Nuveen Asset Management LLC boosted its position in Kemper Co. (NYSE:KMPR - Free Report) by 54.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,813 shares of the insurance provider's stock after buying an additional 83,372 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.37% of Kemper worth $15,800,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMPR. Merit Financial Group LLC acquired a new position in shares of Kemper during the 4th quarter worth about $212,000. SG Americas Securities LLC lifted its position 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 buying an additional 3,932 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Kemper by 44.6% during the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock worth $197,000 after acquiring an additional 993 shares during the last quarter. KBC Group NV raised its stake in Kemper by 25.8% in the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider's stock valued at $171,000 after acquiring an additional 529 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Kemper by 2.2% during the 4th 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 last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler cut their target price on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating for the company 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 company. According to MarketBeat, Kemper presently has a consensus rating of "Buy" and a consensus target price of $79.40.

Kemper Stock Performance

KMPR stock traded up $0.01 during trading hours on Friday, hitting $63.66. 26,939 shares of the stock were exchanged, compared to its average volume of 450,087. Kemper Co. has a 12 month low of $53.57 and a 12 month high of $73.01. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.07 billion, a P/E ratio of 12.97 and a beta of 1.26. The company has a 50-day simple moving average of $61.48 and a two-hundred day simple moving average of $65.21.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.17. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. On average, 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. Shareholders of record on Monday, May 19th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Monday, May 19th. Kemper's dividend payout ratio is presently 23.93%.

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.