Dynamic Technology Lab Private Ltd trimmed its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,389 shares of the insurance provider's stock after selling 15,464 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Kemper were worth $225,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Foundry Partners LLC lifted its stake in Kemper by 1,452.8% in the 4th quarter. Foundry Partners LLC now owns 102,407 shares of the insurance provider's stock worth $6,804,000 after acquiring an additional 95,812 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Kemper by 10.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 371,144 shares of the insurance provider's stock valued at $24,659,000 after purchasing an additional 36,004 shares in the last quarter. California Public Employees Retirement System increased its stake in Kemper by 4.9% in the 4th quarter. California Public Employees Retirement System now owns 108,703 shares of the insurance provider's stock valued at $7,222,000 after buying an additional 5,082 shares during the period. Pictet Asset Management Holding SA lifted its position in Kemper by 2.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider's stock worth $547,000 after buying an additional 206 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Kemper during the 4th quarter valued at $14,016,000. Institutional investors and hedge funds own 86.23% of the company's stock.
Kemper Price Performance
Shares of Kemper stock traded down $0.50 during midday trading on Thursday, hitting $57.01. 60,290 shares of the company were exchanged, compared to its average volume of 365,088. The firm has a 50 day simple moving average of $64.70 and a 200-day simple moving average of $65.52. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. The firm has a market cap of $3.65 billion, a P/E ratio of 11.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.
Kemper (NYSE:KMPR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. Research analysts forecast that Kemper Co. will post 6.03 earnings per share for the current year.
Kemper Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper's dividend payout ratio is presently 26.07%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Raymond James lifted their price target on Kemper from $75.00 to $82.00 and gave the company a "strong-buy" rating in a report on Thursday, December 26th. Finally, Piper Sandler increased their price objective on Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $81.60.
Check Out Our Latest Research Report on KMPR
About Kemper
(
Free Report)
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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