Federated Hermes Inc. Decreases Position in Kemper Co. (NYSE:KMPR)

Federated Hermes Inc. decreased its stake in Kemper Co. (NYSE:KMPR) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,069 shares of the insurance provider’s stock after selling 831 shares during the period. Federated Hermes Inc.’s holdings in Kemper were worth $198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Kemper by 3.8% in the third quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock worth $173,408,000 after buying an additional 150,584 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Kemper in the fourth quarter valued at about $641,000. Victory Capital Management Inc. boosted its holdings in Kemper by 3.4% in the third quarter. Victory Capital Management Inc. now owns 971,132 shares of the insurance provider’s stock valued at $40,817,000 after purchasing an additional 31,480 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in Kemper by 53.7% in the third quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider’s stock valued at $12,700,000 after purchasing an additional 105,624 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. boosted its holdings in Kemper by 8.3% in the third quarter. Mesirow Institutional Investment Management Inc. now owns 299,151 shares of the insurance provider’s stock valued at $12,573,000 after purchasing an additional 22,990 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Trading Up 1.0 %

NYSE:KMPR opened at $58.98 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $58.50 and its two-hundred day moving average is $52.51. Kemper Co. has a 52 week low of $38.32 and a 52 week high of $64.69. The company has a market cap of $3.80 billion, a PE ratio of -31.04 and a beta of 0.89.

Kemper (NYSE:KMPR) last released its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.02). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.01 billion. Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.02) EPS. On average, analysts predict that Kemper Co. will post 4.5 EPS for the current year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, May 10th. Kemper’s payout ratio is -65.26%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMPR. UBS Group increased their price target on Kemper from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 5th. Piper Sandler increased their price target on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $75.00 price target on shares of Kemper in a report on Monday, April 15th. TD Cowen began coverage on Kemper in a report on Wednesday, January 10th. They issued an “outperform” rating and a $70.00 price target for the company. Finally, Raymond James increased their target price on Kemper from $60.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $70.40.

About Kemper

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.