Price T Rowe Associates Inc. MD Decreases Stock Position in Kemper Co. (NYSE:KMPR)

Price T Rowe Associates Inc. MD lowered its stake in Kemper Co. (NYSE:KMPR - Free Report) by 38.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,686 shares of the insurance provider's stock after selling 42,667 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.11% of Kemper worth $4,498,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after buying an additional 352 shares during the last quarter. Clean Yield Group purchased a new stake in Kemper in the 4th quarter worth approximately $45,000. GAMMA Investing LLC raised its holdings in Kemper by 32.2% in the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 174 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Kemper during the 4th quarter worth $63,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Kemper during the third quarter worth $82,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler dropped their target price on Kemper from $86.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday. Five research 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, Kemper currently has a consensus rating of "Buy" and an average price target of $79.40.

Kemper Trading Up 2.7 %

KMPR stock traded up $1.68 during trading on Friday, reaching $64.16. 545,417 shares of the stock traded hands, compared to its average volume of 367,209. The business's 50 day moving average price is $62.32 and its 200-day moving average price is $65.30. The firm has a market capitalization of $4.11 billion, a PE ratio of 13.07 and a beta of 1.26. 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 Co. has a 52-week low of $53.57 and a 52-week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last posted its 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. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The company's revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. As a group, sell-side analysts forecast that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. Kemper's payout ratio is 26.07%.

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.