Kemper Co. (NYSE:KMPR) Stake Raised by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in Kemper Co. (NYSE:KMPR) by 244.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,853 shares of the insurance provider’s stock after buying an additional 13,376 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Kemper were worth $1,155,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP grew its stake in shares of Kemper by 81.1% in the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock worth $51,333,000 after purchasing an additional 375,324 shares in the last quarter. Algert Global LLC grew its position in Kemper by 126.0% in the 3rd quarter. Algert Global LLC now owns 14,640 shares of the insurance provider’s stock valued at $897,000 after buying an additional 8,163 shares in the last quarter. Cerity Partners LLC increased its stake in Kemper by 155.8% during the 3rd quarter. Cerity Partners LLC now owns 13,299 shares of the insurance provider’s stock valued at $815,000 after buying an additional 8,099 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Kemper by 8.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 335,140 shares of the insurance provider’s stock worth $20,527,000 after buying an additional 27,173 shares in the last quarter. Finally, Phocas Financial Corp. lifted its stake in shares of Kemper by 37.4% in the 3rd quarter. Phocas Financial Corp. now owns 168,283 shares of the insurance provider’s stock worth $10,307,000 after acquiring an additional 45,796 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Trading Down 0.5 %

Shares of NYSE KMPR opened at $71.57 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper Co. has a 12 month low of $42.32 and a 12 month high of $73.01. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 17.04 and a beta of 0.85. The business has a fifty day simple moving average of $64.05 and a 200-day simple moving average of $61.80.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted ($0.44) earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts predict that Kemper Co. will post 5.36 EPS for the current year.

Kemper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio (DPR) is currently 29.52%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMPR. Raymond James boosted their target price on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 8th. UBS Group upped their price objective on Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. TD Cowen lifted their target price on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. Finally, Piper Sandler lifted their price objective on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $79.00.

About Kemper

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.