Invesco Ltd. Sells 33,488 Shares of Kemper Co. (NYSE:KMPR)

Invesco Ltd. trimmed its position in Kemper Co. (NYSE:KMPR) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 467,567 shares of the insurance provider’s stock after selling 33,488 shares during the quarter. Invesco Ltd.’s holdings in Kemper were worth $31,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jane Street Group LLC lifted its position in Kemper by 565.8% during the 3rd quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider’s stock worth $2,517,000 after buying an additional 34,922 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Kemper by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock worth $36,080,000 after purchasing an additional 28,807 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Kemper by 44.6% during the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider’s stock worth $197,000 after purchasing an additional 993 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Kemper by 102.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider’s stock valued at $12,358,000 after buying an additional 102,339 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Kemper by 294.9% in the 3rd quarter. FMR LLC now owns 9,718 shares of the insurance provider’s stock valued at $595,000 after buying an additional 7,257 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Stock Performance

Shares of KMPR stock opened at $56.77 on Friday. Kemper Co. has a 52 week low of $53.57 and a 52 week high of $73.01. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.56 and a beta of 1.05. The company has a 50-day simple moving average of $64.48 and a 200 day simple moving average of $65.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. On average, sell-side analysts predict that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Kemper’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. Kemper’s dividend payout ratio is currently 26.07%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Raymond James upped their target price on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a report on Thursday, December 26th. Finally, StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kemper currently has an average rating of “Buy” and a consensus target price of $81.60.

Kemper 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.