Sequoia Financial Advisors LLC Takes Position in Kemper Co. (NYSE:KMPR)

Sequoia Financial Advisors LLC acquired a new position in Kemper Co. (NYSE:KMPR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,176 shares of the insurance provider’s stock, valued at approximately $641,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Kemper by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 84,710 shares of the insurance provider’s stock worth $4,789,000 after buying an additional 3,402 shares during the period. American Century Companies Inc. grew its holdings in Kemper by 16.1% during the 1st quarter. American Century Companies Inc. now owns 8,516 shares of the insurance provider’s stock worth $481,000 after acquiring an additional 1,179 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Kemper by 20.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider’s stock valued at $134,000 after acquiring an additional 410 shares during the last quarter. Bank of Montreal Can raised its position in shares of Kemper by 14.9% during the 1st quarter. Bank of Montreal Can now owns 8,617 shares of the insurance provider’s stock valued at $489,000 after acquiring an additional 1,118 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Kemper by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 38,718 shares of the insurance provider’s stock valued at $2,189,000 after purchasing an additional 9,722 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Price Performance

KMPR stock opened at $54.70 on Tuesday. The business has a 50-day moving average of $58.53 and a 200-day moving average of $51.03. Kemper Co. has a fifty-two week low of $38.32 and a fifty-two week high of $64.69. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.55.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Kemper had a negative net margin of 5.50% and a negative return on equity of 2.37%. On average, equities analysts anticipate that Kemper Co. will post 4.17 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.24 annualized dividend and a yield of 2.27%. Kemper’s dividend payout ratio (DPR) is presently -29.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KMPR. TD Cowen assumed coverage on Kemper in a research note on Wednesday, January 10th. They set an “outperform” rating and a $70.00 price objective for the company. Raymond James upped their price target on Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. JMP Securities reiterated a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a research report on Monday. Piper Sandler boosted their price objective on shares of Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, UBS Group increased their target price on shares of Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kemper presently has an average rating of “Buy” and an average price target of $70.40.

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.