Kemper Co. (NYSE:KMPR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Kemper Co. (NYSE:KMPR) by 68.9% in the fourth quarter, Holdings Channel reports. The firm owned 3,041 shares of the insurance provider’s stock after selling 6,752 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Kemper were worth $148,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Kemper by 3.8% in the third quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock worth $173,408,000 after acquiring an additional 150,584 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Kemper by 3.4% in the third quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider’s stock worth $40,817,000 after buying an additional 31,480 shares during the period. Chartwell Investment Partners LLC grew its stake in shares of Kemper by 53.7% in the third quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider’s stock valued at $12,700,000 after buying an additional 105,624 shares in the last quarter. New South Capital Management Inc. raised its holdings in shares of Kemper by 20.4% during the 3rd quarter. New South Capital Management Inc. now owns 934,506 shares of the insurance provider’s stock valued at $39,277,000 after buying an additional 158,188 shares during the period. Finally, Mesirow Institutional Investment Management Inc. lifted its position in Kemper by 8.3% during the 3rd quarter. Mesirow Institutional Investment Management Inc. now owns 299,151 shares of the insurance provider’s stock worth $12,573,000 after acquiring an additional 22,990 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Price Performance

Shares of KMPR stock opened at $57.43 on Monday. The firm has a market cap of $3.69 billion, a P/E ratio of -13.51 and a beta of 0.91. The firm has a fifty day moving average of $58.50 and a two-hundred day moving average of $52.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.20 and a quick ratio of 0.20. Kemper Co. has a 1-year low of $38.32 and a 1-year high of $64.69.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. Kemper had a negative return on equity of 2.37% and a negative net margin of 5.50%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, research analysts anticipate that Kemper Co. will post 4.5 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 16th. Kemper’s dividend payout ratio (DPR) is presently -29.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KMPR shares. Raymond James lifted their price objective on shares of Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Piper Sandler lifted their price target on shares of Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $75.00 price objective on shares of Kemper in a research report on Monday, April 15th. UBS Group raised their target price on Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, TD Cowen began coverage on Kemper in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price target on the stock. One research 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 company’s stock. According to MarketBeat, Kemper has an average rating of “Buy” and an average price target of $70.40.

About Kemper

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.