Tower Research Capital LLC TRC Acquires 7,310 Shares of Kemper Co. (NYSE:KMPR)

Tower Research Capital LLC TRC raised its stake in Kemper Co. (NYSE:KMPR - Free Report) by 212.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,752 shares of the insurance provider's stock after purchasing an additional 7,310 shares during the quarter. Tower Research Capital LLC TRC's holdings in Kemper were worth $714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of KMPR. Boston Partners increased its position in shares of Kemper by 108.2% during the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after acquiring an additional 574,730 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Kemper in the fourth quarter worth about $23,325,000. Prudential Financial Inc. raised its position in shares of Kemper by 3,378.5% in the fourth quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock valued at $15,724,000 after purchasing an additional 214,367 shares during the period. Norges Bank purchased a new stake in shares of Kemper during the 4th quarter valued at approximately $14,016,000. Finally, Ceredex Value Advisors LLC boosted its holdings in Kemper by 34,966.7% in the 4th quarter. Ceredex Value Advisors LLC now owns 157,800 shares of the insurance provider's stock worth $10,484,000 after buying an additional 157,350 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Piper Sandler raised their target price on Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kemper currently has a consensus rating of "Buy" and a consensus price target of $81.60.

Kemper Price Performance

KMPR traded down $0.60 on Wednesday, reaching $59.09. The company had a trading volume of 502,746 shares, compared to its average volume of 365,751. Kemper Co. has a 52-week low of $53.57 and a 52-week high of $73.01. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 12.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The business has a 50 day simple moving average of $62.98 and a 200 day simple moving average of $65.34.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. As a group, sell-side analysts anticipate that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.32 dividend. This is a boost from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper's dividend payout ratio is presently 26.07%.

Kemper Company 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.