Victory Capital Management Inc. Sells 10,846 Shares of Kemper Co. (NYSE:KMPR)

Victory Capital Management Inc. lowered its position in shares of Kemper Co. (NYSE:KMPR) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 397,025 shares of the insurance provider’s stock after selling 10,846 shares during the quarter. Victory Capital Management Inc. owned about 0.62% of Kemper worth $24,318,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Aptus Capital Advisors LLC boosted its position in shares of Kemper by 31.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 65,146 shares of the insurance provider’s stock valued at $3,990,000 after purchasing an additional 15,548 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Kemper by 26.9% during the 3rd quarter. GSA Capital Partners LLP now owns 51,630 shares of the insurance provider’s stock worth $3,162,000 after buying an additional 10,948 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Kemper during the 3rd quarter worth approximately $423,000. Capital Performance Advisors LLP bought a new stake in shares of Kemper in the 3rd quarter valued at $46,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Kemper by 254.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 56,997 shares of the insurance provider’s stock valued at $3,491,000 after acquiring an additional 40,895 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMPR has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. JMP Securities reissued a “market outperform” rating and issued a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Raymond James upped their target price on Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group lifted their price target on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.20.

Kemper Trading Up 0.8 %

Shares of Kemper stock opened at $71.24 on Monday. The company has a market capitalization of $4.56 billion, a P/E ratio of 16.96 and a beta of 0.85. The stock has a fifty day simple moving average of $62.70 and a 200 day simple moving average of $61.32. Kemper Co. has a 12-month low of $40.93 and a 12-month high of $71.57. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted ($0.44) EPS. The business’s revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.74%. Kemper’s dividend payout ratio is currently 29.52%.

About Kemper

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.