MQS Management LLC Acquires Shares of 3,903 Kemper Co. (NYSE:KMPR)

MQS Management LLC acquired a new stake in Kemper Co. (NYSE:KMPR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,903 shares of the insurance provider’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMPR. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kemper by 65.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock worth $37,012,000 after acquiring an additional 246,184 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Kemper by 12.7% during the 1st quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock worth $31,919,000 after acquiring an additional 57,979 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Kemper by 84.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock worth $2,472,000 after acquiring an additional 18,290 shares during the period. Boston Partners raised its holdings in shares of Kemper by 161.0% during the 1st quarter. Boston Partners now owns 263,432 shares of the insurance provider’s stock worth $16,297,000 after acquiring an additional 162,508 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of Kemper by 50.6% during the 2nd quarter. Natixis Advisors LLC now owns 68,604 shares of the insurance provider’s stock worth $4,070,000 after acquiring an additional 23,043 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KMPR shares. JMP Securities reissued a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research report on Tuesday, October 15th. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. UBS Group raised their price objective on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Piper Sandler raised their price objective on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Raymond James lifted their target price on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. Five research 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, the company has a consensus rating of “Buy” and a consensus price target of $76.20.

Kemper Stock Performance

NYSE KMPR opened at $71.24 on Friday. The company has a market cap of $4.56 billion, a P/E ratio of 16.96 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a 50-day moving average of $62.70 and a two-hundred day moving average of $61.28. Kemper Co. has a 1-year low of $40.93 and a 1-year high of $71.57.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.44) EPS. As a group, analysts anticipate that Kemper Co. will post 5.17 EPS for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, November 18th. Kemper’s payout ratio is 29.52%.

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.