Harbor Capital Advisors Inc. Raises Stake in Kemper Co. (NYSE:KMPR)

Harbor Capital Advisors Inc. increased its position in Kemper Co. (NYSE:KMPR) by 254.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,997 shares of the insurance provider’s stock after buying an additional 40,895 shares during the period. Harbor Capital Advisors Inc.’s holdings in Kemper were worth $3,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KMPR. GAMMA Investing LLC raised its holdings 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 acquiring an additional 289 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Kemper by 5,590.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 559 shares during the last quarter. LRI Investments LLC acquired a new position in Kemper in the first quarter valued at $36,000. Quarry LP boosted its stake in Kemper by 105.1% in the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock worth $38,000 after buying an additional 329 shares during the last quarter. Finally, Blue Trust Inc. boosted 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 worth $75,000 after buying an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James increased their price objective 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. StockNews.com lowered shares of Kemper from a “buy” rating to a “hold” rating in a report on Sunday, September 8th. 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 reiterated a “market outperform” rating and issued a $85.00 target price on shares of Kemper in a report on Tuesday, October 15th. Finally, Piper Sandler upped their price target on Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $76.20.

Kemper Stock Performance

Shares of KMPR stock opened at $62.43 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 market cap of $4.00 billion, a PE ratio of 14.86 and a beta of 0.85. The company’s fifty day simple moving average is $61.62 and its 200-day simple moving average is $60.65. Kemper Co. has a 52 week low of $38.52 and a 52 week high of $67.60.

Kemper (NYSE:KMPR) last released 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. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted ($0.44) earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Kemper Co. will post 5.06 EPS for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Monday, August 19th. Kemper’s dividend payout ratio is presently 29.52%.

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.