Quantinno Capital Management LP Purchases 14,985 Shares of Kemper Co. (NYSE:KMPR)

Quantinno Capital Management LP increased its position in Kemper Co. (NYSE:KMPR - Free Report) by 111.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,439 shares of the insurance provider's stock after buying an additional 14,985 shares during the quarter. Quantinno Capital Management LP's holdings in Kemper were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Kemper by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider's stock worth $36,080,000 after acquiring an additional 28,807 shares in the last quarter. Blue Trust Inc. raised its position in Kemper by 44.6% in the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock worth $197,000 after purchasing an additional 993 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Kemper by 27.2% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider's stock worth $380,000 after purchasing an additional 1,221 shares during the last quarter. Sterling Capital Management LLC boosted its position in Kemper by 52.0% during the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider's stock valued at $242,000 after buying an additional 1,246 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in Kemper during the fourth quarter valued at about $212,000. Institutional investors own 86.23% of the company's stock.

Kemper Trading Down 2.8%

NYSE:KMPR opened at $62.46 on Thursday. The firm has a market capitalization of $4.00 billion, a P/E ratio of 12.72 and a beta of 1.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average of $62.04 and a 200 day moving average of $65.34. 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 issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.48 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. On average, research analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently disclosed 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 currently 23.93%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their target price on Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research note 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 company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $79.40.

Kemper 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.

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