Parkside Financial Bank & Trust Makes New Investment in Kemper Co. (NYSE:KMPR)

Parkside Financial Bank & Trust acquired a new position in shares of Kemper Co. (NYSE:KMPR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 941 shares of the insurance provider’s stock, valued at approximately $63,000.

Several other large investors have also recently added to or reduced their stakes in KMPR. Jane Street Group LLC grew its stake in shares of Kemper by 565.8% during the third quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider’s stock valued at $2,517,000 after purchasing an additional 34,922 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Kemper by 81.1% during the third quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider’s stock valued at $51,333,000 after purchasing an additional 375,324 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Kemper by 244.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider’s stock valued at $1,155,000 after purchasing an additional 13,376 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Kemper by 7.0% during the third quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider’s stock valued at $6,637,000 after purchasing an additional 7,127 shares during the last quarter. Finally, Phocas Financial Corp. grew its stake in shares of Kemper by 37.4% during the third quarter. Phocas Financial Corp. now owns 168,283 shares of the insurance provider’s stock valued at $10,307,000 after purchasing an additional 45,796 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Kemper Trading Up 1.9 %

Shares of NYSE KMPR opened at $67.59 on Monday. The company’s 50 day simple moving average is $66.03 and its 200 day simple moving average is $64.96. Kemper Co. has a fifty-two week low of $54.11 and a fifty-two week high of $73.01. The firm has a market capitalization of $4.32 billion, a P/E ratio of 13.77 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating 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, analysts predict that Kemper Co. will post 6.03 EPS for the current year.

Kemper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Kemper’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 1.89%. Kemper’s dividend payout ratio (DPR) is 26.07%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen increased their price target on shares of Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. StockNews.com raised shares of Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Raymond James increased their price target on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 26th. Finally, Piper Sandler increased their price objective on shares of Kemper from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $81.60.

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.