Kemper Co. (NYSE:KMPR) is Phase 2 Partners LLC’s 2nd Largest Position

Phase 2 Partners LLC lifted its holdings in Kemper Co. (NYSE:KMPR) by 16.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,394 shares of the insurance provider’s stock after buying an additional 28,513 shares during the quarter. Kemper makes up about 7.1% of Phase 2 Partners LLC’s holdings, making the stock its 2nd biggest holding. Phase 2 Partners LLC owned 0.31% of Kemper worth $12,090,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Westfield Capital Management Co. LP grew its position in Kemper by 81.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after purchasing an additional 375,324 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Kemper by 1,336.4% during the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after buying an additional 317,212 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in shares of Kemper by 815.0% during the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after acquiring an additional 268,569 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Kemper by 254.1% during the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock valued at $20,398,000 after acquiring an additional 251,036 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Kemper by 65.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock worth $37,012,000 after acquiring an additional 246,184 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMPR shares. JMP Securities reissued a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. TD Cowen lifted their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Piper Sandler increased their price objective on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Raymond James lifted their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kemper presently has an average rating of “Buy” and an average target price of $79.00.

Kemper Stock Performance

KMPR opened at $70.28 on Wednesday. The company’s 50 day moving average is $65.27 and its 200 day moving average is $62.24. 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 company has a market cap of $4.50 billion, a price-to-earnings ratio of 16.73 and a beta of 0.88. Kemper Co. has a 12-month low of $44.48 and a 12-month high of $73.01.

Kemper (NYSE:KMPR) last issued 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. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.44) EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Kemper Co. will post 5.36 EPS for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Monday, November 18th. Kemper’s dividend payout ratio (DPR) is currently 29.52%.

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.