Loomis Sayles & Co. L P Reduces Stake in Kemper Co. (NYSE:KMPR)

Loomis Sayles & Co. L P lessened its stake in shares of Kemper Co. (NYSE:KMPR) by 3.8% in the third quarter, Holdings Channel reports. The institutional investor owned 188,354 shares of the insurance provider’s stock after selling 7,408 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Kemper were worth $11,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westfield Capital Management Co. LP increased its stake in Kemper by 81.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock worth $51,333,000 after acquiring an additional 375,324 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Kemper by 1,336.4% in the 2nd quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock worth $20,228,000 after buying an additional 317,212 shares during the last quarter. Lighthouse Investment Partners LLC raised its position in shares of Kemper by 815.0% during the 2nd 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 raised its position in shares of Kemper by 254.1% during the 2nd quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock valued at $20,398,000 after buying an additional 251,036 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Kemper by 65.2% during 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 acquiring an additional 246,184 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Stock Down 0.9 %

Shares of NYSE KMPR opened at $70.95 on Thursday. The firm’s fifty day moving average is $64.26 and its 200 day moving average is $61.88. Kemper Co. has a 52 week low of $42.32 and a 52 week high of $73.01. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 17.06 and a beta of 0.85.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) earnings per share. On average, equities research 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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s dividend payout ratio (DPR) is currently 29.52%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler lifted 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. Raymond James increased their price target on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a report on Monday, November 4th. TD Cowen increased their target price on shares of Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, JMP Securities reissued a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $79.00.

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.