Balyasny Asset Management L.P. Purchases 200,346 Shares of Kemper Co. (NYSE:KMPR)

Balyasny Asset Management L.P. boosted its position in Kemper Co. (NYSE:KMPR) by 175.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 314,295 shares of the insurance provider’s stock after purchasing an additional 200,346 shares during the quarter. Balyasny Asset Management L.P. owned about 0.49% of Kemper worth $20,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Kemper by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock valued at $36,080,000 after acquiring an additional 28,807 shares during the period. Blue Trust Inc. boosted its holdings in Kemper by 44.6% in the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider’s stock valued at $197,000 after purchasing an additional 993 shares during the period. JPMorgan Chase & Co. grew its position in shares of Kemper by 102.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider’s stock worth $12,358,000 after purchasing an additional 102,339 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Kemper by 27.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,717 shares of the insurance provider’s stock worth $380,000 after purchasing an additional 1,221 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of Kemper by 52.0% in the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the insurance provider’s stock valued at $242,000 after buying an additional 1,246 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price target on Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $81.60.

Kemper Trading Up 0.0 %

Shares of KMPR stock opened at $61.62 on Thursday. Kemper Co. has a fifty-two week low of $53.57 and a fifty-two week high of $73.01. The stock’s fifty day moving average price is $62.48 and its two-hundred day moving average price is $65.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $3.95 billion, a PE ratio of 12.55 and a beta of 1.26.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities analysts predict that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.08%. Kemper’s dividend payout ratio is currently 26.07%.

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.