Kemper Co. (NYSE:KMPR) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. decreased its position in shares of Kemper Co. (NYSE:KMPR) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 866,195 shares of the insurance provider’s stock after selling 27,781 shares during the quarter. Kemper comprises about 2.4% of New South Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. New South Capital Management Inc. owned about 1.35% of Kemper worth $57,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kemper by 5,590.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 559 shares during the period. Clean Yield Group acquired a new position in shares of Kemper during the fourth quarter valued at $45,000. Capital Performance Advisors LLP acquired a new position in shares of Kemper during the third quarter valued at $46,000. GAMMA Investing LLC boosted its holdings in shares of Kemper by 32.2% during the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 174 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new position in shares of Kemper during the fourth quarter valued at $63,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Stock Performance

Shares of KMPR opened at $66.50 on Thursday. The firm has a 50-day moving average price of $66.09 and a 200 day moving average price of $65.03. The firm has a market capitalization of $4.25 billion, a PE ratio of 13.54 and a beta of 0.88. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. Kemper Co. has a 52-week low of $54.11 and a 52-week high of $73.01.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. On average, sell-side analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.32 per share. This is a positive change from Kemper’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. Kemper’s dividend payout ratio (DPR) is 26.07%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMPR. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. 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 research report on Tuesday, November 19th. Raymond James increased their target price on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 26th. Finally, Piper Sandler increased their target price on shares of Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $81.60.

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.