Cornercap Investment Counsel Inc. Buys New Position in Kemper Co. (NYSE:KMPR)

Cornercap Investment Counsel Inc. purchased a new position in shares of Kemper Co. (NYSE:KMPR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,880 shares of the insurance provider’s stock, valued at approximately $238,000.

A number of other institutional investors also recently made changes to their positions in KMPR. Khrom Capital Management LLC lifted its position in Kemper by 414.0% in the first quarter. Khrom Capital Management LLC now owns 425,262 shares of the insurance provider’s stock worth $26,332,000 after purchasing an additional 342,519 shares during the period. Millennium Management LLC lifted its holdings in shares of Kemper by 1,336.4% in the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after buying an additional 317,212 shares during the period. Lighthouse Investment Partners LLC boosted its stake in Kemper by 815.0% during the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after buying an additional 268,569 shares in the last quarter. AQR Capital Management LLC grew its holdings in Kemper by 254.1% during the second quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock worth $20,398,000 after acquiring an additional 251,036 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in Kemper by 65.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock worth $37,012,000 after acquiring an additional 246,184 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Stock Down 0.5 %

Kemper stock opened at $70.54 on Tuesday. 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 Co. has a 1-year low of $40.93 and a 1-year high of $71.57. The firm’s fifty day simple moving average is $62.90 and its 200-day simple moving average is $61.41. The company has a market capitalization of $4.52 billion, a P/E ratio of 16.80 and a beta of 0.85.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share 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 analyst estimates of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. Sell-side analysts forecast that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.76%. Kemper’s dividend payout ratio (DPR) is currently 29.52%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KMPR. Raymond James raised their target price on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 8th. UBS Group raised their target price on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Piper Sandler boosted their price target on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, JMP Securities restated a “market outperform” rating and issued 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Kemper presently has an average rating of “Buy” and an average target price of $76.20.

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.