Kemper Co. (NYSE:KMPR) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in Kemper Co. (NYSE:KMPR) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,029 shares of the insurance provider’s stock after selling 1,327 shares during the period. International Assets Investment Management LLC owned approximately 0.14% of Kemper worth $5,849,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its stake in shares of Kemper by 81.1% in the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock worth $51,333,000 after acquiring an additional 375,324 shares in the last quarter. Millennium Management LLC grew its stake in Kemper by 1,336.4% during the 2nd quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock worth $20,228,000 after buying an additional 317,212 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in 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 buying an additional 268,569 shares during the period. AQR Capital Management LLC increased its position in 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 buying an additional 251,036 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Kemper by 1,070.6% during the third 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. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMPR. Raymond James upped their target price on shares of Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 26th. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday. JMP Securities reiterated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a research report on Tuesday, October 15th. Finally, TD Cowen boosted their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $80.40.

Kemper Stock Performance

NYSE:KMPR traded down $0.66 during mid-day trading on Wednesday, hitting $63.95. 24,582 shares of the company’s stock traded hands, compared to its average volume of 278,378. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $67.70 and a two-hundred day moving average of $63.64. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 15.23 and a beta of 0.88. Kemper Co. has a 12 month low of $49.02 and a 12 month high of $73.01.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. The business had revenue of $1.18 billion for 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%. Kemper’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) earnings per share. On average, equities analysts forecast that Kemper Co. will post 5.36 earnings per share for the current fiscal year.

Kemper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, November 18th. Kemper’s dividend payout ratio is currently 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.