Interval Partners LP Sells 78,948 Shares of Kemper Co. (NYSE:KMPR)

Interval Partners LP reduced its stake in Kemper Co. (NYSE:KMPR - Free Report) by 82.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,537 shares of the insurance provider's stock after selling 78,948 shares during the period. Interval Partners LP's holdings in Kemper were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in shares of Kemper during the 4th quarter worth about $251,000. Gotham Asset Management LLC bought a new stake in shares of Kemper during the fourth quarter worth approximately $419,000. Focus Partners Wealth bought a new stake in shares of Kemper during the fourth quarter worth approximately $284,000. Expect Equity LLC acquired a new position in shares of Kemper in the fourth quarter valued at approximately $1,854,000. Finally, FJ Capital Management LLC increased its stake in shares of Kemper by 20.4% during the fourth quarter. FJ Capital Management LLC now owns 41,136 shares of the insurance provider's stock worth $2,733,000 after purchasing an additional 6,965 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price target 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kemper has a consensus rating of "Buy" and an average target price of $79.40.

Kemper Stock Performance

Shares of KMPR traded down $0.02 during mid-day trading on Friday, hitting $64.70. 422,571 shares of the company's stock were exchanged, compared to its average volume of 371,497. The stock's 50-day simple moving average is $62.23 and its 200-day simple moving average is $65.32. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. 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 firm has a market cap of $4.14 billion, a price-to-earnings ratio of 13.18 and a beta of 1.26.

Kemper (NYSE:KMPR - Get Free Report) last released its 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. 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 prior year, the firm posted $1.07 EPS. Kemper's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Kemper Co. will post 6.03 EPS for the current year.

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.98%. Kemper's payout ratio is 23.93%.

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.