Meyer Handelman Co. Has $607,000 Stock Holdings in Kemper Co. (NYSE:KMPR)

Meyer Handelman Co. reduced its stake in shares of Kemper Co. (NYSE:KMPR) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,135 shares of the insurance provider’s stock after selling 1,725 shares during the period. Meyer Handelman Co.’s holdings in Kemper were worth $607,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Kemper by 5,590.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 559 shares in the last quarter. Quarry LP lifted its holdings in shares of Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after buying an additional 329 shares during the last quarter. Clean Yield Group bought a new stake in shares of Kemper in the 4th quarter valued at approximately $45,000. Finally, Capital Performance Advisors LLP acquired a new position in Kemper in the third quarter worth approximately $46,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Trading Up 2.3 %

Shares of NYSE:KMPR opened at $65.77 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The stock’s 50-day moving average is $67.80 and its 200-day moving average is $63.83. The company has a market cap of $4.21 billion, a P/E ratio of 15.66 and a beta of 0.88. Kemper Co. has a 52-week low of $52.91 and a 52-week high of $73.01.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business posted ($0.44) EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts predict that Kemper Co. will post 5.36 earnings per share for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, November 18th. Kemper’s payout ratio is currently 29.52%.

Analyst Upgrades and Downgrades

Several research firms have commented on KMPR. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price objective on shares of Kemper in a report on Tuesday, October 15th. TD Cowen raised their target price on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Raymond James upped their price target on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research note on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $80.40.

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.