Kemper Co. (NYSE:KMPR) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its position in Kemper Co. (NYSE:KMPR) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 187,429 shares of the insurance provider’s stock after selling 7,775 shares during the period. Thornburg Investment Management Inc. owned approximately 0.29% of Kemper worth $11,116,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Kemper by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,441,496 shares of the insurance provider’s stock valued at $118,827,000 after purchasing an additional 83,618 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Kemper by 5.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 260,290 shares of the insurance provider’s stock worth $12,668,000 after acquiring an additional 14,080 shares during the period. International Assets Investment Management LLC grew its holdings in Kemper by 872.8% during the first quarter. International Assets Investment Management LLC now owns 88,025 shares of the insurance provider’s stock worth $5,451,000 after acquiring an additional 78,976 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Kemper during the fourth quarter worth about $873,000. Finally, Lord Abbett & CO. LLC grew its holdings in Kemper by 3.0% during the first quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock worth $48,988,000 after acquiring an additional 23,285 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Stock Performance

NYSE KMPR opened at $59.26 on Thursday. The company has a market cap of $3.81 billion, a PE ratio of -31.19 and a beta of 0.85. The stock’s 50 day simple moving average is $61.79 and its 200-day simple moving average is $59.86. Kemper Co. has a 1-year low of $38.32 and a 1-year high of $65.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.22 and a quick ratio of 0.22.

Kemper (NYSE:KMPR) last released its earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.23. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted ($0.26) earnings per share. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kemper Co. will post 5.17 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.24 annualized dividend and a dividend yield of 2.09%. Kemper’s dividend payout ratio is presently -65.26%.

Wall Street Analyst Weigh In

KMPR has been the topic of several analyst reports. Piper Sandler raised their target price on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. UBS Group raised their target price on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. StockNews.com downgraded Kemper from a “buy” rating to a “hold” rating in a research report on Sunday. Raymond James increased their price target on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Finally, JMP Securities increased their price target on Kemper from $80.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 6th. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $76.20.

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.