Nuveen Asset Management LLC Increases Holdings in Kemper Co. (NYSE:KMPR)

Nuveen Asset Management LLC lifted its position in shares of Kemper Co. (NYSE:KMPR) by 54.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,813 shares of the insurance provider’s stock after acquiring an additional 83,372 shares during the quarter. Nuveen Asset Management LLC owned 0.37% of Kemper worth $15,800,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Kemper by 141.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 352 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Kemper during the 4th quarter worth approximately $63,000. KBC Group NV boosted its stake in shares of Kemper by 25.8% during the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider’s stock worth $171,000 after acquiring an additional 529 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Kemper by 44.6% during the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider’s stock worth $197,000 after acquiring an additional 993 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in shares of Kemper during the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Trading Down 0.2%

Shares of Kemper stock opened at $61.87 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. Kemper Co. has a 1 year low of $53.57 and a 1 year high of $73.01. The company has a market capitalization of $3.96 billion, a P/E ratio of 12.60 and a beta of 1.26. The business has a 50 day moving average price of $61.81 and a 200 day moving average price of $65.32.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. Sell-side analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.07%. Kemper’s dividend payout ratio (DPR) is presently 23.93%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price objective on Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $79.40.

Kemper Company 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.