469,596 Kemper Corporation $KMPR Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. decreased its position in shares of Kemper Corporation (NYSE:KMPR) by 43.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 609,638 shares of the insurance provider’s stock after selling 469,596 shares during the period. Kemper makes up approximately 1.0% of New South Capital Management Inc.’s investment portfolio, making the stock its 28th biggest position. New South Capital Management Inc. owned 1.03% of Kemper worth $15,241,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KMPR. Wellington Management Group LLP boosted its position in shares of Kemper by 28.4% during the 2nd quarter. Wellington Management Group LLP now owns 536,164 shares of the insurance provider’s stock valued at $14,455,000 after acquiring an additional 118,683 shares during the last quarter. Principal Financial Group Inc. increased its position in Kemper by 125.8% in the first quarter. Principal Financial Group Inc. now owns 284,458 shares of the insurance provider’s stock worth $8,693,000 after purchasing an additional 158,488 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Kemper in the third quarter worth $8,443,000. Hsbc Holdings PLC bought a new stake in Kemper in the second quarter worth $2,093,000. Finally, BlackRock Inc. bought a new stake in Kemper in the second quarter worth $227,331,000. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

KMPR has been the subject of a number of analyst reports. UBS Group lowered their price target on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th. Wall Street Zen upgraded Kemper from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research note on Friday, October 30th. TD Cowen reduced their price objective on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kemper in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $37.67.

Kemper Stock Performance

Kemper stock opened at $34.78 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.19 and a quick ratio of 0.17. The firm has a market capitalization of $2.05 billion, a P/E ratio of -4.84 and a beta of 1.06. Kemper Corporation has a 1-year low of $22.69 and a 1-year high of $41.74. The company’s 50-day moving average is $28.74 and its 200 day moving average is $29.58.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Monday, November 9th. The insurance provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.20. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a positive return on equity of 4.72% and a negative net margin of 9.55%. Research analysts forecast that Kemper Corporation will post 2.10 EPS for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 16th. Kemper’s payout ratio is -15.24%.

Kemper Company Profile

Kemper Corporation is an insurance holding company that provides property and casualty, life, and health insurance products in the United States. Its offerings include personal auto coverage, with a focus on drivers served by specialty insurance markets, as well as life and supplemental health policies. The company distributes insurance through independent agents and other channels. Its businesses include Kemper Auto and Kemper Life, serving individuals and families across the country. Kemper traces its roots to 1912, when Lumbermens Mutual Casualty Company was founded.