Mirabella Financial Services LLP Buys Shares of 61,253 Kemper Co. (NYSE:KMPR)

Mirabella Financial Services LLP purchased a new position in Kemper Co. (NYSE:KMPR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 61,253 shares of the insurance provider’s stock, valued at approximately $3,752,000. Mirabella Financial Services LLP owned 0.10% of Kemper as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd raised its position in shares of Kemper by 244.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider’s stock worth $1,155,000 after acquiring an additional 13,376 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of 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 in the last quarter. Algert Global LLC grew its stake in Kemper by 126.0% during the third quarter. Algert Global LLC now owns 14,640 shares of the insurance provider’s stock worth $897,000 after purchasing an additional 8,163 shares during the period. Cerity Partners LLC increased its holdings in Kemper by 155.8% in the third quarter. Cerity Partners LLC now owns 13,299 shares of the insurance provider’s stock worth $815,000 after purchasing an additional 8,099 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Kemper by 8.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 335,140 shares of the insurance provider’s stock valued at $20,527,000 after buying an additional 27,173 shares during the period. 86.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on KMPR shares. UBS Group raised their price objective on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Raymond James lifted their price target on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 8th. Piper Sandler increased their price objective on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $79.00.

Kemper Stock Performance

KMPR opened at $71.61 on Monday. Kemper Co. has a 1-year low of $42.32 and a 1-year high of $72.82. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 17.05 and a beta of 0.85. The company’s fifty day moving average price is $63.83 and its two-hundred day moving average price is $61.72. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.44) EPS. On average, analysts expect that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. Kemper’s dividend payout ratio is presently 29.52%.

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.