Kemper Co. (NYSE:KMPR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in shares of Kemper Co. (NYSE:KMPR) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,345 shares of the insurance provider’s stock after selling 1,176 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Kemper worth $3,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in Kemper by 141.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock worth $40,000 after buying an additional 352 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Kemper during the fourth quarter valued at $45,000. GAMMA Investing LLC raised its stake in Kemper by 32.2% in the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 174 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in Kemper in the 4th quarter valued at about $63,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Kemper during the 3rd quarter worth about $82,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Trading Up 2.7 %

Shares of KMPR stock opened at $64.16 on Friday. Kemper Co. has a 1-year low of $53.57 and a 1-year high of $73.01. The firm’s 50-day simple moving average is $62.32 and its 200-day simple moving average is $65.28. The firm has a market cap of $4.11 billion, a P/E ratio of 13.07 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

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

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. Kemper’s dividend payout ratio (DPR) is 26.07%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their target price on shares of Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kemper has an average rating of “Buy” and an average 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.