Millennium Management LLC Trims Stake in Kemper Co. (NYSE:KMPR)

Millennium Management LLC cut its position in Kemper Co. (NYSE:KMPR - Free Report) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 672,771 shares of the insurance provider's stock after selling 136,515 shares during the quarter. Millennium Management LLC owned 1.05% of Kemper worth $44,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KMPR. Merit Financial Group LLC purchased a new stake in Kemper during the fourth quarter worth about $212,000. SG Americas Securities LLC grew its holdings in shares of Kemper by 172.7% in the fourth quarter. SG Americas Securities LLC now owns 6,209 shares of the insurance provider's stock valued at $413,000 after purchasing an additional 3,932 shares in the last quarter. Blue Trust Inc. increased its stake in Kemper by 44.6% during the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider's stock worth $197,000 after buying an additional 993 shares during the period. KBC Group NV increased its stake in Kemper by 25.8% during the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider's stock worth $171,000 after buying an additional 529 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Kemper by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider's stock worth $597,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price target on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $79.40.

Kemper Stock Down 0.3%

Shares of KMPR traded down $0.18 during midday trading on Thursday, reaching $62.31. The stock had a trading volume of 61,734 shares, compared to its average volume of 371,105. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The company's fifty day simple moving average is $62.04 and its two-hundred day simple moving average is $65.34. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 12.69 and a beta of 1.26. Kemper Co. has a 1-year low of $53.57 and a 1-year high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $1.07 EPS. Kemper's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be paid a $0.32 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.05%. Kemper's dividend payout ratio is currently 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.