Victory Capital Management Inc. reduced its stake in Kemper Co. (NYSE:KMPR – Get Rating) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,536 shares of the insurance provider after selling 4,381 shares during the period. Victory Capital Management Inc. owned 0.77% of Kemper worth $20,157,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in KMPR. Comerica Bank increased its stake in Kemper by 12.2% in the third quarter. Comerica Bank now owns 55,956 shares of the insurance provider, valued at $2,448,000, after purchasing an additional 6,095 shares last quarter. The North Carolina State Treasurer increased its stake in Kemper shares by 21.4% in the second quarter. The North Carolina State Treasurer now owns 26,872 shares of the insurance provider, valued at $1,287,000, after purchasing an additional 4,743 shares during the period. Retirement Systems of Alabama increased its stake in Kemper by 0.6% during the second quarter. Retirement Systems of Alabama now owns 79,003 shares of the insurance provider worth $3,784,000 after purchasing an additional 455 shares during the period. Point72 Asset Management LP increased its position in Kemper by 113.5% in the second quarter. Point72 Asset Management LP now owns 111,900 shares of the insurance provider worth $5,360,000 after purchasing an additional 59,500 shares during the period. Finally, Bank of America Corp DE increased its holdings in Kemper stock by 16.1% during the first quarter. Bank of America Corp DE now owns 561,617 shares of the insurance provider worth $31,754,000 after buying another 77,831 shares last quarter. Institutional investors own 81.20% of the company’s shares.
Insider activities at Kemper
In related news, Director Robert Joseph Joyce sold 4,000 shares of the stock in a transaction on Monday, November 7th. The stock sold at an average price of $55.76 for a total value of $223,040.00. Upon completion of the transaction, the Director now owns 19,898 shares of the Company, valued at approximately $1,109,512.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders own 0.71% of the company’s shares.
Kemper value for money
Kemper stock opened at $54.48 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt to equity ratio of 0.57. The stock has a 50-day moving average of $53.34 and a 200-day moving average of $49.12. Kemper Co. has a 52-week low of $40.65 and a 52-week high of $61.21.
Kemper (NYSE:KMPR – Get Rating) last released its earnings results on Wednesday, November 2nd. The insurance provider reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.05). Kemper had a negative return on equity of 8.23% and a negative net margin of 6.17%. The company had revenue of $1.40 billion in the quarter, compared to analyst estimates of $1.41 billion. Equity analysts expect Kemper Co. to report year-to-date earnings per share of -2.13.
Kemper announces dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. A dividend of $0.31 per share was paid to investors of record on Tuesday, November 15. The ex-dividend date of this dividend was Monday November 14th. That equates to an annualized dividend of $1.24 and a yield of 2.28%. Kemper’s payout ratio is currently -22.50%.
Wall Street analysts forecast growth
Several research companies have recently commented on KMPR. Raymond James upgraded shares of Kemper to an outperform rating from a market perform rating and set a price target of $60.00 for the stock in a report on Friday, November 4th. StockNews.com began coverage of shares of Kemper in a research note on Wednesday, October 12th. They gave the company a “hold” rating. Finally, on Tuesday, January 10, Piper Sandler raised her price target on Kemper shares from $48.00 to $50.00 in a research note.
Kemper company profile
Kemper Corp. is a holding company engaged in property-casualty, life and health insurance businesses. It operates through the following segments: specialty property and casualty insurance, preferential property and casualty insurance, and life and health insurance. The Specialty Property and Casualty Insurance segment offers personal and commercial auto insurance.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]beat.com.
Before you consider Kemper, here’s what you should hear.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Kemper wasn’t on the list.
While Kemper is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here