Ieq Capital LLC Buys New Position in Kemper Co. (NYSE:KMPR)

Ieq Capital LLC bought a new stake in Kemper Co. (NYSE:KMPR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,279 shares of the insurance provider’s stock, valued at approximately $3,606,000. Ieq Capital LLC owned about 0.08% of Kemper at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMPR. BKM Wealth Management LLC bought a new position in shares of Kemper during the 4th quarter worth approximately $202,000. Sanctuary Advisors LLC boosted its holdings in shares of Kemper by 13.8% during the 4th quarter. Sanctuary Advisors LLC now owns 5,169 shares of the insurance provider’s stock worth $352,000 after buying an additional 626 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Kemper by 0.4% during the 4th quarter. Rhumbline Advisers now owns 169,922 shares of the insurance provider’s stock worth $11,290,000 after buying an additional 617 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Kemper by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 8,985 shares of the insurance provider’s stock worth $597,000 after buying an additional 190 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Kemper by 25.8% during the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider’s stock worth $171,000 after buying an additional 529 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Kemper Trading Down 1.7 %

NYSE KMPR opened at $64.16 on Friday. The firm has a market capitalization of $4.10 billion, a P/E ratio of 13.07 and a beta of 0.88. The business has a fifty day simple moving average of $65.97 and a 200 day simple moving average of $64.73. Kemper Co. has a 12 month low of $54.11 and a 12 month 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 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 return on equity of 14.11% and a net margin of 6.85%. On average, analysts predict that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. Kemper’s dividend payout ratio (DPR) is currently 26.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KMPR. TD Cowen upped their target price on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Piper Sandler upped their target price on Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Raymond James upped their target price on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 26th. Five investment 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 stock currently has a consensus rating of “Buy” and a consensus price target of $81.60.

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.