Kemper Co. (NYSE:KMPR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in Kemper Co. (NYSE:KMPR) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 761,484 shares of the insurance provider’s stock after selling 120,879 shares during the quarter. Alliancebernstein L.P. owned 1.19% of Kemper worth $50,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. State Street Corp lifted its position in shares of Kemper by 3.9% during the 3rd quarter. State Street Corp now owns 2,136,621 shares of the insurance provider’s stock valued at $130,868,000 after acquiring an additional 79,622 shares during the last quarter. Boston Partners lifted its holdings in shares of Kemper by 108.2% during the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider’s stock valued at $73,363,000 after purchasing an additional 574,730 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Kemper by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider’s stock valued at $61,933,000 after purchasing an additional 9,412 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Kemper by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock valued at $36,080,000 after purchasing an additional 28,807 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Kemper by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 425,221 shares of the insurance provider’s stock worth $28,252,000 after purchasing an additional 28,196 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KMPR shares. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Raymond James upped their price target on Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 26th. Finally, Piper Sandler raised their price objective 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kemper presently has a consensus rating of “Buy” and an average target price of $81.60.

Kemper Price Performance

Shares of NYSE:KMPR opened at $57.77 on Friday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 11.77 and a beta of 0.88. The business has a 50-day moving average of $66.62 and a two-hundred day moving average of $65.76. Kemper Co. has a fifty-two week low of $54.11 and a fifty-two week high of $73.01. 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 issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. On average, equities research analysts predict that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 2.22%. Kemper’s dividend payout ratio (DPR) is presently 26.07%.

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.