Jump Financial LLC Lowers Stock Holdings in Kemper Co. (NYSE:KMPR)

Jump Financial LLC lessened its position in Kemper Co. (NYSE:KMPR) by 71.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,145 shares of the insurance provider’s stock after selling 29,755 shares during the quarter. Jump Financial LLC’s holdings in Kemper were worth $807,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Kemper by 141.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 352 shares during the period. Clean Yield Group purchased a new position in shares of Kemper in the 4th quarter valued at about $45,000. GAMMA Investing LLC grew its position in shares of Kemper by 32.2% during the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock worth $48,000 after buying an additional 174 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Kemper during the fourth quarter worth approximately $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Kemper in the third quarter worth approximately $82,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

KMPR has been the topic of a number of analyst reports. Piper Sandler raised their price objective on shares of Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com upgraded Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Raymond James upped their price objective on Kemper from $75.00 to $82.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kemper currently has a consensus rating of “Buy” and a consensus price target of $81.60.

Kemper Price Performance

Shares of KMPR opened at $55.21 on Tuesday. The firm has a fifty day moving average price of $64.06 and a 200 day moving average price of $65.49. The stock has a market cap of $3.53 billion, a PE ratio of 11.24 and a beta of 1.05. Kemper Co. has a 1-year low of $53.57 and a 1-year high of $73.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

Kemper (NYSE:KMPR) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. As a group, sell-side analysts anticipate that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.32 dividend. This is an increase from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, February 18th. Kemper’s dividend payout ratio is presently 26.07%.

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.