Kemper Co. (NYSE:KMPR) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its holdings in Kemper Co. (NYSE:KMPR) by 33.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 416,725 shares of the insurance provider’s stock after selling 207,107 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.65% of Kemper worth $25,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMPR. Khrom Capital Management LLC increased its stake in shares of Kemper by 414.0% in the first quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock worth $26,332,000 after acquiring an additional 342,519 shares during the period. Millennium Management LLC increased its stake in shares of Kemper by 1,336.4% in the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock worth $20,228,000 after acquiring an additional 317,212 shares during the period. Lighthouse Investment Partners LLC increased its stake in shares of Kemper by 815.0% in the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock worth $17,889,000 after acquiring an additional 268,569 shares during the period. AQR Capital Management LLC increased its stake in shares of Kemper by 254.1% in the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock worth $20,398,000 after acquiring an additional 251,036 shares during the period. Finally, Boston Partners increased its stake in shares of Kemper by 161.0% in the first 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. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Up 0.8 %

Shares of NYSE KMPR opened at $71.24 on Monday. The company’s 50-day simple moving average is $62.70 and its 200-day simple moving average is $61.32. Kemper Co. has a 52-week low of $40.93 and a 52-week high of $71.57. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 16.96 and a beta of 0.85. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last announced its earnings results 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. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that Kemper Co. will post 5.17 EPS for the current fiscal year.

Kemper Announces Dividend

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

Analyst Ratings Changes

KMPR has been the topic of several analyst reports. UBS Group raised their price target on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Raymond James raised their price target on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Piper Sandler raised their price target on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $76.20.

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.