Federated Hermes Inc. Has $198,000 Stock Holdings in Kemper Co. (NYSE:KMPR)

Federated Hermes Inc. cut its position in shares of Kemper Co. (NYSE:KMPR) by 17.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,069 shares of the insurance provider’s stock after selling 831 shares during the quarter. Federated Hermes Inc.’s holdings in Kemper were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KMPR. Fuller & Thaler Asset Management Inc. boosted its holdings in Kemper by 24.8% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,989 shares of the insurance provider’s stock valued at $180,140,000 after purchasing an additional 852,100 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Kemper by 3.8% during the third quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock valued at $173,408,000 after purchasing an additional 150,584 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Kemper by 390.6% during the third quarter. First Eagle Investment Management LLC now owns 147,220 shares of the insurance provider’s stock valued at $6,188,000 after purchasing an additional 117,210 shares in the last quarter. Chartwell Investment Partners LLC boosted its holdings in Kemper by 53.7% during the third quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider’s stock valued at $12,700,000 after purchasing an additional 105,624 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Kemper by 3.4% during the third quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider’s stock worth $40,817,000 after purchasing an additional 31,480 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on KMPR shares. Raymond James increased their target price on Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Piper Sandler upped their price target on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. TD Cowen started coverage on Kemper in a research note on Wednesday, January 10th. They set an “outperform” rating and a $70.00 price target on the stock. UBS Group upped their price target on Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $75.00 target price on shares of Kemper in a research note on Monday, April 15th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.40.

Kemper Trading Up 1.0 %

NYSE:KMPR opened at $58.98 on Monday. Kemper Co. has a 1-year low of $38.32 and a 1-year high of $64.69. The business’s 50-day moving average price is $58.50 and its two-hundred day moving average price is $52.51. The company has a current ratio of 0.21, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -31.04 and a beta of 0.89.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.02). Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted ($1.02) EPS. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities analysts expect that Kemper Co. will post 4.5 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 2.10%. Kemper’s dividend payout ratio (DPR) is currently -65.26%.

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.