Mirabella Financial Services LLP Purchases New Shares in Kemper Co. (NYSE:KMPR)

Mirabella Financial Services LLP purchased a new position in shares of Kemper Co. (NYSE:KMPR) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 61,253 shares of the insurance provider’s stock, valued at approximately $3,752,000.

Other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC bought a new position in Kemper in the 1st quarter valued at $36,000. Bayesian Capital Management LP purchased a new stake in Kemper during the first quarter worth about $342,000. Janus Henderson Group PLC raised its position in Kemper by 12.7% in the first 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 boosted its stake in Kemper by 84.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock valued at $2,472,000 after acquiring an additional 18,290 shares during the last quarter. Finally, Boston Partners grew its position in shares of Kemper by 161.0% during the 1st quarter. Boston Partners now owns 263,432 shares of the insurance provider’s stock valued at $16,297,000 after acquiring an additional 162,508 shares during the period. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMPR has been the topic of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a 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. TD Cowen upped their price target on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. UBS Group increased their price target on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Piper Sandler boosted their price objective on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $79.00.

Kemper Stock Performance

Shares of KMPR opened at $71.61 on Monday. Kemper Co. has a 52-week low of $42.32 and a 52-week high of $72.82. The stock’s 50-day simple moving average is $63.83 and its 200 day simple moving average is $61.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 17.05 and a beta of 0.85.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.44) earnings per share. Research analysts forecast that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s payout ratio is 29.52%.

About Kemper

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.