Modern Wealth Management LLC Takes $241,000 Position in Kemper Co. (NYSE:KMPR)

Modern Wealth Management LLC acquired a new position in shares of Kemper Co. (NYSE:KMPR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,569 shares of the insurance provider’s stock, valued at approximately $241,000.

Several other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in Kemper by 141.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 352 shares during the period. Clean Yield Group acquired a new position in shares of Kemper in the 4th quarter worth approximately $45,000. GAMMA Investing LLC lifted its position in shares of Kemper by 32.2% during the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock worth $48,000 after buying an additional 174 shares during the period. Parkside Financial Bank & Trust acquired a new stake in Kemper in the 4th quarter valued at $63,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Kemper in the third quarter valued at $82,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KMPR shares. Piper Sandler lifted their price objective on Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Raymond James lifted their price target on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a report on Thursday, December 26th. Finally, StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kemper has an average rating of “Buy” and a consensus target price of $81.60.

Kemper Trading Down 2.7 %

KMPR opened at $66.97 on Friday. Kemper Co. has a 1-year low of $54.11 and a 1-year high of $73.01. The firm has a 50-day moving average price of $66.68 and a two-hundred day moving average price of $65.60. The stock has a market capitalization of $4.28 billion, a PE ratio of 13.64 and a beta of 0.88. 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 posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.32 dividend. This is a boost from Kemper’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 1.91%. Kemper’s dividend payout ratio (DPR) is currently 26.07%.

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.