Pallas Capital Advisors LLC Acquires New Stake in Kemper Co. (NYSE:KMPR)

Pallas Capital Advisors LLC bought a new position in Kemper Co. (NYSE:KMPR) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,512 shares of the insurance provider’s stock, valued at approximately $289,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings 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 last quarter. Allspring Global Investments Holdings LLC raised its position in Kemper by 5,590.0% in the third 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. LRI Investments LLC purchased a new position in shares of Kemper during the 1st quarter worth $36,000. Quarry LP grew its position in shares of Kemper by 105.1% during the 2nd quarter. Quarry LP now owns 642 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 329 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Kemper by 89.0% in the 2nd quarter. Blue Trust Inc. now owns 1,215 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 572 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $85.00 price target on shares of Kemper in a report on Tuesday, October 15th. StockNews.com downgraded Kemper from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. Piper Sandler raised their target price 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. Raymond James upped their price target on shares of Kemper from $70.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 8th. Finally, UBS Group raised their price objective on shares of Kemper from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $76.20.

Kemper Trading Down 2.9 %

Shares of KMPR opened at $62.27 on Friday. The firm has a market cap of $4.01 billion, a P/E ratio of 14.83 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.22 and a quick ratio of 0.22. Kemper Co. has a 1 year low of $38.52 and a 1 year high of $67.60. The company has a 50 day simple moving average of $61.62 and a two-hundred day simple moving average of $60.56.

Kemper (NYSE:KMPR) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.32. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a net margin of 1.11% and a return on equity of 7.27%. Kemper’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted ($0.44) earnings per share. On average, equities analysts expect that Kemper Co. will post 5.01 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.24 annualized dividend and a dividend yield of 1.99%. Kemper’s dividend payout ratio (DPR) is 29.52%.

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.