Merit Financial Group LLC acquired a new stake in Kemper Co. (NYSE:KMPR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,196 shares of the insurance provider’s stock, valued at approximately $212,000.
Several other institutional investors have also added to or reduced their stakes in KMPR. GAMMA Investing LLC increased its holdings in shares of Kemper by 114.7% during the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after buying an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 559 shares in the last quarter. Quarry LP raised its position in Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 329 shares during the last quarter. Clean Yield Group acquired a new stake in shares of Kemper during the fourth quarter valued at about $45,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Kemper during the third quarter worth about $46,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
KMPR has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and set a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. TD Cowen boosted their price objective on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Raymond James raised their target price on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 26th. Finally, StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $80.40.
Kemper Stock Performance
KMPR stock opened at $65.40 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.19 billion, a PE ratio of 15.57 and a beta of 0.88. The business has a 50 day moving average of $67.28 and a 200-day moving average of $64.16. Kemper Co. has a 12-month low of $54.11 and a 12-month high of $73.01.
Kemper (NYSE:KMPR – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) EPS. As a group, sell-side analysts expect that Kemper Co. will post 5.36 earnings per share for the current year.
Kemper Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Monday, November 18th. Kemper’s dividend payout ratio is 29.52%.
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.
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