Charles Schwab Investment Management Inc. Acquires 18,247 Shares of Kemper Co. (NYSE:KMPR)

Charles Schwab Investment Management Inc. lifted its holdings in Kemper Co. (NYSE:KMPR) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 429,998 shares of the insurance provider’s stock after buying an additional 18,247 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kemper were worth $20,928,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its stake in Kemper by 24.8% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,989 shares of the insurance provider’s stock worth $180,140,000 after buying an additional 852,100 shares during the period. Wellington Management Group LLP boosted its stake in shares of Kemper by 3.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,125,824 shares of the insurance provider’s stock worth $173,408,000 after purchasing an additional 150,584 shares during the period. Victory Capital Management Inc. grew its holdings in Kemper by 3.4% during the 3rd 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 raised its position in Kemper by 53.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 302,179 shares of the insurance provider’s stock worth $12,700,000 after purchasing an additional 105,624 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its stake in Kemper by 13.4% in the third quarter. Brandywine Global Investment Management LLC now owns 190,453 shares of the insurance provider’s stock worth $8,005,000 after purchasing an additional 22,535 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kemper

In related news, Director Gerald Laderman bought 5,000 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average price of $61.01 per share, for a total transaction of $305,050.00. Following the completion of the acquisition, the director now directly owns 16,700 shares in the company, valued at $1,018,867. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler upped their target price on Kemper from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. JMP Securities reiterated a “market outperform” rating and issued a $75.00 target price on shares of Kemper in a research note on Monday, April 15th. Finally, UBS Group lifted their target price on Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kemper presently has a consensus rating of “Buy” and an average price target of $70.40.

Kemper Trading Down 0.7 %

KMPR opened at $58.47 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $59.12 and its two-hundred day moving average is $54.44. The company has a market capitalization of $3.76 billion, a P/E ratio of -30.77 and a beta of 0.89. Kemper Co. has a 52 week low of $38.32 and a 52 week high of $64.69.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.02). Kemper had a negative net margin of 2.52% and a positive return on equity of 3.03%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted ($1.02) EPS. The business’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts forecast that Kemper Co. will post 4.48 earnings per share for the current year.

Kemper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.12%. Kemper’s dividend payout ratio is presently -65.26%.

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.