Allspring Global Investments Holdings LLC Increases Holdings in Kemper Co. (NYSE:KMPR)

Allspring Global Investments Holdings LLC increased its stake in shares of Kemper Co. (NYSE:KMPR) by 5,590.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 569 shares of the insurance provider’s stock after buying an additional 559 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kemper were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC raised its position in Kemper by 3.0% in the first quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock valued at $48,988,000 after purchasing an additional 23,285 shares during the period. Russell Investments Group Ltd. raised its position in Kemper by 30.3% in the first quarter. Russell Investments Group Ltd. now owns 476,049 shares of the insurance provider’s stock valued at $29,478,000 after purchasing an additional 110,752 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Kemper by 65.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock valued at $37,012,000 after purchasing an additional 246,184 shares during the period. Janus Henderson Group PLC raised its position in Kemper by 12.7% in the first quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock valued at $31,919,000 after purchasing an additional 57,979 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in Kemper by 84.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock valued at $2,472,000 after purchasing an additional 18,290 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Stock Up 1.5 %

Shares of NYSE:KMPR opened at $63.53 on Wednesday. The stock has a market cap of $4.07 billion, a P/E ratio of 15.13 and a beta of 0.85. The firm has a fifty day moving average price of $61.64 and a 200 day moving average price of $60.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. Kemper Co. has a 1-year low of $38.52 and a 1-year high of $67.60.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned ($0.44) EPS. The business’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that Kemper Co. will post 5.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KMPR shares. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. UBS Group upped their target price on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Raymond James upped their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 8th. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Piper Sandler upped their target price on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $76.20.

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.