Ceredex Value Advisors LLC Sells 157,669 Shares of Kemper Co. (NYSE:KMPR)

Ceredex Value Advisors LLC reduced its holdings in shares of Kemper Co. (NYSE:KMPR) by 99.7% during the third quarter, Holdings Channel reports. The fund owned 450 shares of the insurance provider’s stock after selling 157,669 shares during the period. Ceredex Value Advisors LLC’s holdings in Kemper were worth $28,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KMPR. GAMMA Investing LLC grew its holdings in shares of Kemper by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Kemper by 5,590.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after buying an additional 559 shares during the period. LRI Investments LLC bought a new position in shares of Kemper during the first quarter valued at about $36,000. Quarry LP increased its holdings in shares of Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after buying an additional 329 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Kemper by 89.0% in the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock valued at $75,000 after acquiring an additional 572 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on KMPR. Raymond James raised 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. JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. StockNews.com cut shares of Kemper from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. UBS Group boosted their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Piper Sandler increased their target price on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kemper has a consensus rating of “Buy” and an average target price of $76.20.

Kemper Stock Up 0.3 %

KMPR stock opened at $62.43 on Friday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 14.86 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The business’s 50 day moving average price is $61.62 and its two-hundred day moving average price is $60.62. Kemper Co. has a fifty-two week low of $38.52 and a fifty-two week high of $67.60.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.32. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned ($0.44) earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, analysts forecast that Kemper Co. will post 5.06 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Monday, August 19th. Kemper’s dividend payout ratio (DPR) is presently 29.52%.

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.