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

The Manufacturers Life Insurance Company decreased its holdings in shares of Kemper Co. (NYSE:KMPR) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 50,345 shares of the insurance provider’s stock after selling 1,176 shares during the period. The Manufacturers Life Insurance Company’s holdings in Kemper were worth $3,345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Kemper by 141.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 352 shares during the period. Clean Yield Group acquired a new position in shares of Kemper in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC boosted its stake in Kemper by 32.2% during the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 174 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Kemper during the fourth quarter worth about $63,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Kemper during the 3rd quarter worth approximately $82,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their target price on shares of Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday. Five 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 company presently has a consensus rating of “Buy” and an average target price of $79.40.

Kemper Stock Performance

KMPR stock opened at $64.16 on Friday. The stock’s fifty day moving average is $62.32 and its two-hundred day moving average is $65.28. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 13.07 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. Kemper Co. has a 1 year low of $53.57 and a 1 year high of $73.01.

Kemper (NYSE:KMPR) last posted 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. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $1.07 EPS. Kemper’s revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that Kemper Co. will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, May 19th. 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.