Verition Fund Management LLC Raises Position in Kemper Co. (NYSE:KMPR)

Verition Fund Management LLC raised its position in shares of Kemper Co. (NYSE:KMPR) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,355 shares of the insurance provider’s stock after acquiring an additional 7,127 shares during the quarter. Verition Fund Management LLC owned approximately 0.17% of Kemper worth $6,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KMPR. Teachers Retirement System of The State of Kentucky lifted its position in Kemper by 84.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock valued at $2,472,000 after acquiring an additional 18,290 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Kemper in the 2nd quarter worth approximately $955,000. CWM LLC grew its stake in shares of Kemper by 629.4% in the 2nd quarter. CWM LLC now owns 3,523 shares of the insurance provider’s stock worth $209,000 after buying an additional 3,040 shares during the last quarter. SG Americas Securities LLC increased its position in Kemper by 56.1% during the 2nd quarter. SG Americas Securities LLC now owns 5,997 shares of the insurance provider’s stock valued at $356,000 after buying an additional 2,156 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Kemper by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,076 shares of the insurance provider’s stock valued at $598,000 after buying an additional 311 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KMPR. Piper Sandler raised their price target on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Raymond James raised their price objective on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 8th. UBS Group upped their target price on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. TD Cowen boosted their price objective on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kemper currently has an average rating of “Buy” and a consensus target price of $79.00.

Kemper Trading Up 0.8 %

Shares of KMPR stock opened at $71.49 on Monday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper Co. has a 12-month low of $43.18 and a 12-month high of $73.01. The stock has a market capitalization of $4.58 billion, a P/E ratio of 17.02 and a beta of 0.85. The firm’s 50 day moving average is $64.89 and its 200 day moving average is $62.08.

Kemper (NYSE:KMPR) last issued its quarterly earnings data 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 return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted ($0.44) earnings per share. Kemper’s revenue was down 1.7% compared to the same quarter last year. Research analysts expect that Kemper Co. will post 5.36 earnings per share for the current year.

Kemper Announces Dividend

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