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

New South Capital Management Inc. trimmed its holdings in shares of Kemper Co. (NYSE:KMPR) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 908,398 shares of the insurance provider’s stock after selling 11,946 shares during the period. Kemper accounts for about 2.4% of New South Capital Management Inc.’s holdings, making the stock its 14th biggest holding. New South Capital Management Inc. owned approximately 1.41% of Kemper worth $53,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KMPR. YHB Investment Advisors Inc. purchased a new stake in shares of Kemper during the first quarter valued at approximately $25,000. CWM LLC grew its holdings in Kemper by 257.8% during the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 348 shares in the last quarter. LRI Investments LLC purchased a new stake in Kemper during the 1st quarter worth $36,000. Quest Partners LLC acquired a new position in Kemper in the 4th quarter worth $66,000. Finally, Blue Trust Inc. boosted its position in Kemper by 89.0% in the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock valued at $75,000 after buying an additional 572 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Trading Down 1.9 %

Shares of NYSE KMPR opened at $60.73 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $61.76 and its two-hundred day moving average price is $59.82. Kemper Co. has a 52-week low of $38.32 and a 52-week high of $65.93. The stock has a market capitalization of $3.91 billion, a P/E ratio of -31.96 and a beta of 0.85.

Kemper (NYSE:KMPR) last issued its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.23. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned ($0.26) EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts anticipate that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.04%. Kemper’s dividend payout ratio (DPR) is -65.26%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com lowered Kemper from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group lifted their price objective on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Raymond James upped their target price on Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. JMP Securities raised their price target on shares of Kemper from $80.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 6th. Finally, Piper Sandler lifted their price target on shares of Kemper from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $76.20.

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.