Vest Financial LLC Purchases Shares of 12,680 Kemper Co. (NYSE:KMPR)

Vest Financial LLC purchased a new position in Kemper Co. (NYSE:KMPR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,680 shares of the insurance provider's stock, valued at approximately $848,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Merit Financial Group LLC raised its position in Kemper by 105.1% in the first quarter. Merit Financial Group LLC now owns 6,554 shares of the insurance provider's stock worth $438,000 after acquiring an additional 3,358 shares during the period. GAMMA Investing LLC increased its stake in shares of Kemper by 12,400.4% during the 1st quarter. GAMMA Investing LLC now owns 89,378 shares of the insurance provider's stock worth $5,975,000 after purchasing an additional 88,663 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Kemper by 69.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,258 shares of the insurance provider's stock worth $1,678,000 after purchasing an additional 10,373 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kemper in the 4th quarter worth approximately $5,386,000. Finally, Jefferies Financial Group Inc. purchased a new position in Kemper in the fourth quarter valued at approximately $251,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Performance

KMPR traded down $0.90 on Monday, hitting $63.00. The company's stock had a trading volume of 641,212 shares, compared to its average volume of 383,580. Kemper Co. has a 12 month low of $53.57 and a 12 month high of $73.01. The firm has a market cap of $4.03 billion, a P/E ratio of 12.83 and a beta of 1.30. 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's 50 day simple moving average is $61.03 and its 200-day simple moving average is $64.85.

Kemper (NYSE:KMPR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $1.07 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts forecast that Kemper Co. will post 6.03 EPS for the current year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, May 19th. Kemper's payout ratio is 23.93%.

Analyst Ratings Changes

A number of research firms have issued reports on KMPR. Piper Sandler decreased 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. Wall Street Zen cut Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday. 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 currently has an average rating of "Buy" and a consensus 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.