Brandywine Global Investment Management LLC Has $10.10 Million Position in Kemper Co. (NYSE:KMPR)

Brandywine Global Investment Management LLC cut its stake in Kemper Co. (NYSE:KMPR) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,045 shares of the insurance provider’s stock after selling 6,811 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.24% of Kemper worth $10,102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its stake in Kemper by 3.9% in the third quarter. State Street Corp now owns 2,136,621 shares of the insurance provider’s stock valued at $130,868,000 after purchasing an additional 79,622 shares in the last quarter. Boston Partners boosted its position in shares of Kemper by 108.2% during the 4th quarter. Boston Partners now owns 1,105,859 shares of the insurance provider’s stock worth $73,363,000 after acquiring an additional 574,730 shares in the last quarter. Geode Capital Management LLC increased its stake in Kemper by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider’s stock valued at $61,933,000 after acquiring an additional 9,412 shares during the last quarter. Bank of New York Mellon Corp raised its position in Kemper by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock valued at $36,080,000 after purchasing an additional 28,807 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Kemper by 7.1% during the fourth quarter. Victory Capital Management Inc. now owns 425,221 shares of the insurance provider’s stock worth $28,252,000 after purchasing an additional 28,196 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Performance

NYSE:KMPR opened at $66.75 on Tuesday. The stock’s 50-day moving average is $66.71 and its 200-day moving average is $65.73. The stock has a market cap of $4.27 billion, a P/E ratio of 13.59 and a beta of 0.88. Kemper Co. has a 1-year low of $54.11 and a 1-year high of $73.01. 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 (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. Equities research analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.32 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. This is an increase from Kemper’s previous quarterly dividend of $0.31. Kemper’s payout ratio is 26.07%.

Analysts Set New Price Targets

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

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.