Harbor Capital Advisors Inc. Grows Position in Kemper Co. (NYSE:KMPR)

Harbor Capital Advisors Inc. increased its holdings in shares of Kemper Co. (NYSE:KMPR) by 19.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,073 shares of the insurance provider’s stock after purchasing an additional 11,076 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Kemper were worth $4,523,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of Kemper by 114.7% in the third quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider’s stock worth $33,000 after buying an additional 289 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Kemper by 5,590.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 559 shares during the period. Quarry LP grew its position in Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 329 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Kemper during the third quarter valued at approximately $46,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Kemper during the third quarter worth $82,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Kemper Stock Performance

Shares of KMPR stock opened at $62.94 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. The company’s 50-day simple moving average is $67.76 and its 200-day simple moving average is $63.65. Kemper Co. has a one year low of $52.24 and a one year high of $73.01. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 14.99 and a beta of 0.88.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.28. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.44) earnings per share. Equities analysts anticipate that Kemper Co. will post 5.36 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.97%. Kemper’s dividend payout ratio (DPR) is 29.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KMPR shares. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a report on Tuesday. TD Cowen lifted their target price on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and issued a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. Finally, Raymond James raised their price objective on Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $80.40.

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.