Alliancebernstein L.P. Sells 120,879 Shares of Kemper Co. (NYSE:KMPR)

Alliancebernstein L.P. cut its holdings in shares of Kemper Co. (NYSE:KMPR) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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.’s holdings in Kemper were worth $50,593,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. California Public Employees Retirement System boosted its holdings in Kemper by 4.9% in the 4th quarter. California Public Employees Retirement System now owns 108,703 shares of the insurance provider’s stock valued at $7,222,000 after purchasing an additional 5,082 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Kemper by 2.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,232 shares of the insurance provider’s stock valued at $547,000 after buying an additional 206 shares during the last quarter. Norges Bank bought a new stake in shares of Kemper in the fourth quarter valued at about $14,016,000. PKS Advisory Services LLC acquired a new stake in Kemper during the fourth quarter worth about $233,000. Finally, Modern Wealth Management LLC bought a new position in Kemper during the fourth quarter valued at about $241,000. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Piper Sandler lifted their price target on shares of Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Raymond James increased their price objective on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $81.60.

Kemper Trading Down 10.7 %

KMPR stock opened at $57.77 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. Kemper Co. has a twelve month low of $54.11 and a twelve month high of $73.01. The company has a market cap of $3.70 billion, a P/E ratio of 11.77 and a beta of 0.88. The business has a fifty day moving average of $66.62 and a 200-day moving average of $65.76.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. As a group, equities research analysts expect that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.32 dividend. This is a positive change from Kemper’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 annualized dividend and a dividend yield of 2.22%. Kemper’s payout ratio is 26.07%.

Kemper 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.