Beese Fulmer Investment Management Inc. Sells 800 Shares of Kemper Co. (NYSE:KMPR)

Beese Fulmer Investment Management Inc. trimmed its stake in Kemper Co. (NYSE:KMPR) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,742 shares of the insurance provider’s stock after selling 800 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Kemper were worth $2,574,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KMPR. GAMMA Investing LLC boosted its holdings in 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 buying an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 559 shares in the last quarter. Clean Yield Group acquired a new position in shares of Kemper during the 4th quarter worth about $45,000. Capital Performance Advisors LLP acquired a new position in Kemper during the third quarter worth $46,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Kemper in the third quarter valued at approximately $82,000. 86.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMPR has been the topic of several recent research reports. TD Cowen increased their price objective on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Piper Sandler increased their price objective on shares of Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note 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. Finally, JMP Securities restated a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research report on Tuesday, October 15th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $81.60.

Kemper Stock Up 1.3 %

KMPR opened at $69.44 on Friday. Kemper Co. has a fifty-two week low of $54.11 and a fifty-two week high of $73.01. The company’s 50-day moving average is $66.59 and its 200 day moving average is $64.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market capitalization of $4.45 billion, a P/E ratio of 16.53 and a beta of 0.88.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.40. Kemper had a net margin of 5.86% and a return on equity of 12.03%. Research analysts expect that Kemper Co. will post 5.49 earnings per share for the current fiscal year.

Kemper Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Kemper’s previous quarterly dividend of $0.31. Kemper’s dividend payout ratio (DPR) is currently 29.52%.

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.