Beese Fulmer Investment Management Inc. Trims Position in Kemper Co. (NYSE:KMPR)

Beese Fulmer Investment Management Inc. lessened its stake in shares of Kemper Co. (NYSE:KMPR) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,846 shares of the insurance provider’s stock after selling 999 shares during the period. Beese Fulmer Investment Management Inc. owned 0.07% of Kemper worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Gyon Technologies Capital Management LP purchased a new stake in Kemper in the 4th quarter valued at about $29,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Kemper in the 1st quarter valued at about $41,000. Allspring Global Investments Holdings LLC grew its position in Kemper by 1,420.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,733 shares of the insurance provider’s stock valued at $95,000 after acquiring an additional 1,619 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Kemper in the 1st quarter valued at about $108,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in Kemper in the 1st quarter valued at about $109,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KMPR shares. StockNews.com started coverage on Kemper in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Piper Sandler lifted their target price on Kemper from $52.00 to $55.00 in a research report on Thursday, July 6th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kemper has an average rating of “Moderate Buy” and an average target price of $72.00.

Kemper Stock Down 9.7 %

Shares of Kemper stock traded down $4.97 on Friday, reaching $46.06. 2,021,416 shares of the company were exchanged, compared to its average volume of 271,143. Kemper Co. has a 1-year low of $40.65 and a 1-year high of $68.15. The company has a market cap of $2.95 billion, a P/E ratio of -9.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.22 and a quick ratio of 0.22. The stock’s 50 day moving average price is $48.10 and its 200-day moving average price is $49.61.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Monday, August 7th. The insurance provider reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.12. Kemper had a negative return on equity of 5.55% and a negative net margin of 5.82%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted ($0.62) earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, equities analysts forecast that Kemper Co. will post -0.43 EPS for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, August 11th. Kemper’s dividend payout ratio is presently -25.67%.

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.