Kemper Co. (NYSE:KMPR) Position Lessened by Inspire Investing LLC

Inspire Investing LLC reduced its stake in shares of Kemper Co. (NYSE:KMPR) by 9.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,064 shares of the insurance provider’s stock after selling 658 shares during the period. Inspire Investing LLC’s holdings in Kemper were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Kemper by 114.7% during the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Kemper by 5,590.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 559 shares during the period. Quarry LP raised its holdings in shares of Kemper by 105.1% during the second 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 acquired a new position in shares of Kemper during the fourth quarter worth approximately $45,000. Finally, Capital Performance Advisors LLP bought a new position in Kemper in the 3rd quarter worth approximately $46,000. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Performance

Shares of KMPR opened at $65.40 on Friday. Kemper Co. has a 12-month low of $54.11 and a 12-month high of $73.01. The stock has a market capitalization of $4.19 billion, a P/E ratio of 15.57 and a beta of 0.88. The firm’s 50 day moving average is $67.28 and its 200-day moving average is $64.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22.

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

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.90%. Kemper’s dividend payout ratio is currently 29.52%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KMPR shares. StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Raymond James increased their target price on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 26th. TD Cowen boosted their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, JMP Securities reissued a “market outperform” rating and set a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $80.40.

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.