Modern Wealth Management LLC Acquires Shares of 3,569 Kemper Co. (NYSE:KMPR)

Modern Wealth Management LLC bought a new stake in shares of Kemper Co. (NYSE:KMPR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 3,569 shares of the insurance provider’s stock, valued at approximately $241,000.

A number of other large investors also recently made changes to their positions in the stock. Boston Partners grew its stake in shares of Kemper by 108.2% during the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider’s stock worth $73,363,000 after purchasing an additional 574,730 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Kemper during the 4th quarter worth about $23,325,000. Prudential Financial Inc. increased its stake in shares of Kemper by 3,378.5% in the 4th quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider’s stock valued at $15,724,000 after acquiring an additional 214,367 shares during the last quarter. Bank of Montreal Can raised its position in shares of Kemper by 1,070.6% in the 3rd quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider’s stock valued at $8,526,000 after acquiring an additional 128,213 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Kemper by 102.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider’s stock worth $12,358,000 after acquiring an additional 102,339 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KMPR shares. Piper Sandler increased their target price on shares of Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Raymond James raised their price objective on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 26th. Finally, StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $81.60.

Kemper Trading Down 2.7 %

KMPR opened at $66.97 on Friday. The firm’s fifty day simple moving average is $66.68 and its 200 day simple moving average is $65.60. The stock has a market capitalization of $4.28 billion, a P/E ratio of 13.64 and a beta of 0.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper Co. has a 12 month low of $54.11 and a 12 month high of $73.01.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. As a group, research analysts anticipate that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.32 per share. This is a boost from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper’s dividend payout ratio (DPR) is currently 26.07%.

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.