Boston Partners Sells 66,612 Shares of Kemper Co. (NYSE:KMPR)

Boston Partners decreased its holdings in shares of Kemper Co. (NYSE:KMPR - Free Report) by 39.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,924 shares of the insurance provider's stock after selling 66,612 shares during the quarter. Boston Partners owned about 0.16% of Kemper worth $4,914,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Kemper by 211.1% in the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider's stock worth $26,000 after buying an additional 361 shares during the period. SG Americas Securities LLC purchased a new position in shares of Kemper in the 4th quarter worth $119,000. BKM Wealth Management LLC purchased a new position in shares of Kemper in the 4th quarter worth $148,000. Quadrature Capital Ltd purchased a new position in shares of Kemper in the 3rd quarter worth $217,000. Finally, Connable Office Inc. raised its position in shares of Kemper by 25.2% in the 3rd quarter. Connable Office Inc. now owns 6,193 shares of the insurance provider's stock worth $260,000 after buying an additional 1,247 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analyst Weigh In

KMPR has been the topic of several research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $75.00 target price on shares of Kemper in a research report on Monday, April 15th. UBS Group raised their price objective on Kemper from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Monday, February 5th. Piper Sandler raised their price objective on Kemper from $66.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. Finally, Raymond James raised their price objective on Kemper from $60.00 to $70.00 and gave the company a "strong-buy" rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $70.40.

Insider Buying and Selling

In other news, Director Gerald Laderman purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $61.01 per share, for a total transaction of $305,050.00. Following the completion of the purchase, the director now owns 16,700 shares of the company's stock, valued at $1,018,867. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.20% of the company's stock.

Kemper Stock Up 0.0 %

Shares of NYSE KMPR traded up $0.03 during midday trading on Friday, reaching $60.84. 197,898 shares of the company's stock were exchanged, compared to its average volume of 436,844. Kemper Co. has a 52-week low of $38.32 and a 52-week high of $64.69. The stock has a market capitalization of $3.92 billion, a PE ratio of -32.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21. The business's fifty day moving average price is $59.02 and its two-hundred day moving average price is $53.70.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.02). Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the previous year, the firm posted ($1.02) earnings per share. The firm's revenue was down 11.7% compared to the same quarter last year. Analysts forecast that Kemper Co. will post 4.5 EPS for the current year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.04%. Kemper's dividend payout ratio (DPR) is -65.26%.

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.