Price T Rowe Associates Inc. MD Has $4.50 Million Stock Holdings in Kemper Co. (NYSE:KMPR)

Price T Rowe Associates Inc. MD reduced its position in Kemper Co. (NYSE:KMPR - Free Report) by 38.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 67,686 shares of the insurance provider's stock after selling 42,667 shares during the period. Price T Rowe Associates Inc. MD owned 0.11% of Kemper worth $4,498,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KMPR. Khrom Capital Management LLC increased its position in Kemper by 0.5% in the fourth quarter. Khrom Capital Management LLC now owns 440,541 shares of the insurance provider's stock worth $29,270,000 after purchasing an additional 2,077 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Kemper by 212.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,752 shares of the insurance provider's stock worth $714,000 after buying an additional 7,310 shares during the period. Mirabella Financial Services LLP raised its stake in shares of Kemper by 53.1% during the fourth quarter. Mirabella Financial Services LLP now owns 93,776 shares of the insurance provider's stock worth $6,230,000 after buying an additional 32,523 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Kemper by 8.4% in the fourth quarter. MetLife Investment Management LLC now owns 33,943 shares of the insurance provider's stock valued at $2,255,000 after acquiring an additional 2,643 shares during the last quarter. Finally, Zacks Investment Management grew its holdings in Kemper by 5.8% during the 4th quarter. Zacks Investment Management now owns 29,621 shares of the insurance provider's stock worth $1,968,000 after acquiring an additional 1,619 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMPR. Piper Sandler lifted their price objective on Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $81.60.

Kemper Trading Up 3.8 %

NYSE KMPR opened at $61.39 on Monday. 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 one year low of $53.57 and a one year high of $73.01. The stock's 50-day moving average is $62.77 and its 200-day moving average is $65.34. The firm has a market cap of $3.93 billion, a P/E ratio of 12.50 and a beta of 1.05.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current fiscal 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 given a dividend of $0.32 per share. This is a boost from Kemper's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, February 18th. Kemper's dividend payout ratio is currently 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.

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