Lord Abbett & CO. LLC Trims Stake in Kemper Co. (NYSE:KMPR)

Lord Abbett & CO. LLC cut its position in shares of Kemper Co. (NYSE:KMPR) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 705,795 shares of the insurance provider’s stock after selling 14,962 shares during the period. Lord Abbett & CO. LLC’s holdings in Kemper were worth $43,230,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Kemper during the third quarter valued at approximately $82,000. Sanctuary Advisors LLC purchased a new stake in Kemper in the third quarter worth $278,000. Barclays PLC lifted its position in shares of Kemper by 72.3% during the third quarter. Barclays PLC now owns 29,067 shares of the insurance provider’s stock worth $1,781,000 after purchasing an additional 12,196 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Kemper by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,010,881 shares of the insurance provider’s stock valued at $61,933,000 after purchasing an additional 9,412 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Kemper in the third quarter worth about $275,000. 86.23% of the stock is currently owned by institutional investors.

Kemper Stock Up 0.1 %

Kemper stock opened at $67.71 on Friday. Kemper Co. has a twelve month low of $47.12 and a twelve month high of $73.01. The business has a fifty day moving average of $66.55 and a two-hundred day moving average of $62.77. The firm has a market cap of $4.34 billion, a P/E ratio of 16.12 and a beta of 0.88. 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 (NYSE:KMPR) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted ($0.44) earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that Kemper Co. will post 5.36 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, November 18th. Kemper’s dividend payout ratio is currently 29.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KMPR shares. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. JMP Securities reissued a “market outperform” rating and issued a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Finally, TD Cowen lifted their target price on Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $79.00.

Kemper Company 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.