Swiss National Bank Lowers Stock Position in Kemper Co. (NYSE:KMPR)

Swiss National Bank reduced its stake in shares of Kemper Co. (NYSE:KMPR) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,724 shares of the insurance provider’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Kemper were worth $7,701,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its holdings in Kemper by 65.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider’s stock worth $37,012,000 after purchasing an additional 246,184 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Kemper by 12.7% during the 1st quarter. Janus Henderson Group PLC now owns 515,487 shares of the insurance provider’s stock worth $31,919,000 after acquiring an additional 57,979 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Kemper by 84.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 39,914 shares of the insurance provider’s stock worth $2,472,000 after acquiring an additional 18,290 shares in the last quarter. Boston Partners raised its holdings in shares of Kemper by 161.0% during the 1st quarter. Boston Partners now owns 263,432 shares of the insurance provider’s stock worth $16,297,000 after acquiring an additional 162,508 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Kemper by 50.6% during the 2nd quarter. Natixis Advisors LLC now owns 68,604 shares of the insurance provider’s stock worth $4,070,000 after acquiring an additional 23,043 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD Cowen upped their price objective on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Piper Sandler upped their price objective on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. UBS Group upped their price objective on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JMP Securities reissued a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research report on Tuesday, October 15th. Finally, Raymond James boosted their target price on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $79.00.

Kemper Stock Performance

Shares of Kemper stock opened at $71.92 on Tuesday. The stock’s fifty day moving average is $64.05 and its two-hundred day moving average is $61.80. The company has a market capitalization of $4.61 billion, a PE ratio of 17.12 and a beta of 0.85. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper Co. has a 52 week low of $42.32 and a 52 week high of $73.01.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 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 the consensus estimate of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. Kemper’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.44) EPS. As a group, analysts expect that Kemper Co. will post 5.36 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio (DPR) is presently 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.