Jane Street Group LLC Cuts Stock Position in Kemper Co. (NYSE:KMPR)

Jane Street Group LLC cut its holdings in Kemper Co. (NYSE:KMPR) by 88.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,943 shares of the insurance provider’s stock after selling 36,151 shares during the quarter. Jane Street Group LLC’s holdings in Kemper were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC grew its holdings in Kemper by 172.7% in the 4th quarter. SG Americas Securities LLC now owns 6,209 shares of the insurance provider’s stock valued at $413,000 after buying an additional 3,932 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Kemper by 44.6% in the fourth quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider’s stock valued at $197,000 after purchasing an additional 993 shares during the period. KBC Group NV boosted its position in Kemper by 25.8% in the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider’s stock valued at $171,000 after buying an additional 529 shares during the period. Pacer Advisors Inc. boosted its position in Kemper by 2.2% in the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider’s stock valued at $597,000 after buying an additional 190 shares during the period. Finally, Rhumbline Advisers boosted its position in Kemper by 0.4% in the 4th quarter. Rhumbline Advisers now owns 169,922 shares of the insurance provider’s stock valued at $11,290,000 after buying an additional 617 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Kemper Price Performance

Shares of NYSE:KMPR opened at $63.76 on Monday. The company has a market cap of $4.08 billion, a P/E ratio of 12.99 and a beta of 1.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. The business has a fifty day simple moving average of $61.40 and a 200-day simple moving average of $65.10.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. Kemper’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Kemper Co. will post 6.03 EPS for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 annualized dividend and a dividend yield of 2.01%. Kemper’s dividend payout ratio is presently 23.93%.

Wall Street Analysts Forecast Growth

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

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.