Brevan Howard Capital Management LP Purchases New Position in Kemper Co. (NYSE:KMPR)

Brevan Howard Capital Management LP acquired a new position in shares of Kemper Co. (NYSE:KMPR) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,172 shares of the insurance provider’s stock, valued at approximately $344,000.

Other institutional investors have also modified their holdings of the company. Barclays PLC raised its stake in Kemper by 72.3% during the 3rd quarter. Barclays PLC now owns 29,067 shares of the insurance provider’s stock worth $1,781,000 after acquiring an additional 12,196 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Kemper by 102.9% during the third quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider’s stock worth $12,358,000 after purchasing an additional 102,339 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Kemper by 32.2% in the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 174 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Kemper by 19.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 68,073 shares of the insurance provider’s stock valued at $4,523,000 after purchasing an additional 11,076 shares during the period. Finally, Clean Yield Group purchased a new position in Kemper during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kemper has a consensus rating of “Buy” and an average target price of $79.40.

Kemper Stock Performance

Shares of KMPR stock opened at $64.16 on Friday. The stock’s 50-day moving average price is $62.32 and its 200 day moving average price is $65.30. 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 stock has a market capitalization of $4.11 billion, a PE ratio of 13.07 and a beta of 1.26. Kemper Co. has a 52-week low of $53.57 and a 52-week high of $73.01.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, topping the consensus estimate of $1.48 by $0.17. Kemper had a return on equity of 14.11% and a net margin of 6.85%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Kemper Co. will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. Kemper’s dividend payout ratio (DPR) 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.