Geode Capital Management LLC Has $61.93 Million Stock Position in Kemper Co. (NYSE:KMPR)

Geode Capital Management LLC raised its holdings in Kemper Co. (NYSE:KMPR) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,010,881 shares of the insurance provider’s stock after buying an additional 9,412 shares during the quarter. Geode Capital Management LLC owned 1.58% of Kemper worth $61,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westfield Capital Management Co. LP lifted its position in shares of Kemper by 81.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after acquiring an additional 375,324 shares during the period. Millennium Management LLC increased its stake in Kemper by 1,336.4% in the second quarter. Millennium Management LLC now owns 340,948 shares of the insurance provider’s stock valued at $20,228,000 after purchasing an additional 317,212 shares in the last quarter. Lighthouse Investment Partners LLC raised its holdings in shares of Kemper by 815.0% during the second quarter. Lighthouse Investment Partners LLC now owns 301,524 shares of the insurance provider’s stock valued at $17,889,000 after purchasing an additional 268,569 shares during the period. AQR Capital Management LLC boosted its position in shares of Kemper by 254.1% during the 2nd quarter. AQR Capital Management LLC now owns 349,822 shares of the insurance provider’s stock worth $20,398,000 after purchasing an additional 251,036 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Kemper by 1,070.6% in the 3rd quarter. Bank of Montreal Can now owns 140,189 shares of the insurance provider’s stock valued at $8,526,000 after buying an additional 128,213 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen upped their price target on Kemper from $72.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Kemper in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded shares of Kemper from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kemper has a consensus rating of “Buy” and an average target price of $79.00.

Kemper Stock Performance

Shares of Kemper stock opened at $65.06 on Friday. The company has a market cap of $4.17 billion, a PE ratio of 15.49 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.50. Kemper Co. has a 52 week low of $47.12 and a 52 week high of $73.01. The business has a 50 day moving average price of $67.07 and a 200-day moving average price of $62.97.

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

Kemper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 1.91%. 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.