Kemper Corp (KMPR) Stake Lowered by Prudential Financial Inc.

Prudential Financial Inc. reduced its stake in Kemper Corp (NYSE:KMPR) by 18.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,649 shares of the insurance provider’s stock after selling 9,487 shares during the quarter. Prudential Financial Inc. owned 0.06% of Kemper worth $2,765,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KMPR. Oregon Public Employees Retirement Fund lifted its holdings in shares of Kemper by 6,538.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,628,832 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 1,604,294 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Kemper by 31.9% in the 3rd quarter. BlackRock Inc. now owns 6,324,076 shares of the insurance provider’s stock worth $508,773,000 after acquiring an additional 1,528,614 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Kemper by 31.3% in the 3rd quarter. Vanguard Group Inc now owns 5,185,592 shares of the insurance provider’s stock worth $417,181,000 after acquiring an additional 1,236,313 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kemper by 31.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,185,592 shares of the insurance provider’s stock worth $417,181,000 after buying an additional 1,236,313 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Kemper by 22.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,793,887 shares of the insurance provider’s stock worth $385,666,000 after buying an additional 884,862 shares in the last quarter. Hedge funds and other institutional investors own 67.48% of the company’s stock.

Kemper stock opened at $79.23 on Friday. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 18.13 and a beta of 1.17. Kemper Corp has a 52-week low of $54.75 and a 52-week high of $87.00. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30.

Kemper (NYSE:KMPR) last released its earnings results on Monday, February 11th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.14. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Kemper had a net margin of 5.10% and a return on equity of 10.11%. The firm’s quarterly revenue was up 67.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Equities analysts expect that Kemper Corp will post 5.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 19th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 15th. This is a positive change from Kemper’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. Kemper’s dividend payout ratio is 22.88%.

KMPR has been the topic of a number of research reports. ValuEngine upgraded shares of Kemper from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Kemper from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, February 5th. Finally, JMP Securities increased their target price on shares of Kemper from $78.00 to $82.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Kemper presently has a consensus rating of “Buy” and a consensus target price of $82.33.

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About Kemper

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.

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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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