Algert Global LLC Boosts Stake in Kemper Co. (NYSE:KMPR)

Algert Global LLC increased its position in shares of Kemper Co. (NYSE:KMPR) by 13.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,650 shares of the insurance provider’s stock after buying an additional 2,010 shares during the quarter. Algert Global LLC’s holdings in Kemper were worth $1,106,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KMPR. Ameriprise Financial Inc. increased its holdings in shares of Kemper by 4.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider’s stock valued at $82,271,000 after acquiring an additional 52,290 shares during the period. Aptus Capital Advisors LLC increased its stake in Kemper by 23.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 80,303 shares of the insurance provider’s stock valued at $5,335,000 after purchasing an additional 15,157 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Kemper in the fourth quarter valued at about $255,000. Comerica Bank boosted its stake in shares of Kemper by 7.1% during the fourth quarter. Comerica Bank now owns 114,543 shares of the insurance provider’s stock worth $7,610,000 after buying an additional 7,568 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of Kemper by 3.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 30,155 shares of the insurance provider’s stock worth $2,003,000 after buying an additional 937 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler cut their price target on 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $79.40.

Kemper Price Performance

Shares of NYSE:KMPR opened at $64.16 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $62.32 and a 200 day moving average price of $65.30. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. The company has a market cap of $4.11 billion, a P/E ratio of 13.07 and a beta of 1.26.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. The firm had revenue of $1.19 billion during 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%. Kemper’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. Research analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Dividend Announcement

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 dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 annualized dividend and a yield of 2.00%. Kemper’s payout ratio is currently 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.