Kemper Co. (NYSE:KMPR) Shares Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. raised its holdings in Kemper Co. (NYSE:KMPR) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,004 shares of the insurance provider’s stock after buying an additional 17,558 shares during the period. Thornburg Investment Management Inc. owned approximately 0.32% of Kemper worth $13,620,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Quantinno Capital Management LP increased its stake in shares of Kemper by 111.4% during the fourth quarter. Quantinno Capital Management LP now owns 28,439 shares of the insurance provider’s stock worth $1,889,000 after buying an additional 14,985 shares during the period. Nomura Holdings Inc. acquired a new position in Kemper during the 4th quarter worth approximately $531,000. No Street GP LP increased its position in shares of Kemper by 5.3% in the 4th quarter. No Street GP LP now owns 1,100,000 shares of the insurance provider’s stock valued at $73,084,000 after purchasing an additional 55,000 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Kemper by 54.0% in the 4th quarter. Nuveen Asset Management LLC now owns 237,813 shares of the insurance provider’s stock valued at $15,800,000 after purchasing an additional 83,372 shares in the last quarter. Finally, Lighthouse Investment Partners LLC lifted its position in shares of Kemper by 36.2% during the 4th quarter. Lighthouse Investment Partners LLC now owns 226,152 shares of the insurance provider’s stock worth $15,026,000 after purchasing an additional 60,099 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their target price on Kemper from $86.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $79.40.

Kemper Price Performance

Shares of NYSE:KMPR opened at $64.70 on Friday. Kemper Co. has a 12 month low of $53.57 and a 12 month high of $73.01. The firm has a market capitalization of $4.14 billion, a P/E ratio of 13.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $62.22 and its 200 day moving average price is $65.33.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. The business had revenue of $1.19 billion for 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%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 earnings per share. As a group, sell-side analysts predict that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, May 19th. Kemper’s payout ratio is currently 23.93%.

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.