Edgestream Partners L.P. Takes Position in Kemper Co. (NYSE:KMPR)

Edgestream Partners L.P. purchased a new stake in shares of Kemper Co. (NYSE:KMPR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,826 shares of the insurance provider’s stock, valued at approximately $2,991,000. Edgestream Partners L.P. owned 0.08% of Kemper at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Kemper by 114.7% in the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock valued at $33,000 after buying an additional 289 shares during the period. Allspring Global Investments Holdings LLC increased 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 buying an additional 559 shares during the period. Quarry LP increased its stake in Kemper by 105.1% in the 2nd 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 period. Capital Performance Advisors LLP acquired a new position in Kemper in the 3rd quarter valued at approximately $46,000. Finally, Blue Trust Inc. increased its stake in Kemper by 89.0% in the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock valued at $75,000 after buying an additional 572 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Price Performance

NYSE KMPR opened at $71.49 on Monday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $64.89 and a 200 day simple moving average of $62.08. The company has a market cap of $4.58 billion, a P/E ratio of 17.02 and a beta of 0.85. Kemper Co. has a 1 year low of $43.18 and a 1 year high of $73.01.

Kemper (NYSE:KMPR) last posted its quarterly earnings data 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. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. Kemper’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) EPS. On average, sell-side analysts predict that Kemper Co. will post 5.36 EPS for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio (DPR) is presently 29.52%.

Wall Street Analyst Weigh In

KMPR has been the topic of several analyst reports. Piper Sandler increased their price target on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. UBS Group increased their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. JMP Securities restated a “market outperform” rating and set a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. Raymond James increased their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 8th. Finally, TD Cowen increased their price target on shares of Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $79.00.

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.