Boston Partners Has $73.36 Million Position in Kemper Co. (NYSE:KMPR)

Boston Partners raised its holdings in Kemper Co. (NYSE:KMPR) by 108.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,105,859 shares of the insurance provider’s stock after buying an additional 574,730 shares during the period. Boston Partners owned 1.73% of Kemper worth $73,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Jane Street Group LLC grew its position in shares of 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 purchasing an additional 34,922 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Kemper by 81.1% in 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. Dynamic Technology Lab Private Ltd increased its position in Kemper by 244.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,853 shares of the insurance provider’s stock valued at $1,155,000 after acquiring an additional 13,376 shares during the period. Verition Fund Management LLC increased its position in Kemper by 7.0% in the 3rd quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider’s stock valued at $6,637,000 after acquiring an additional 7,127 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Kemper by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock worth $36,080,000 after buying an additional 28,807 shares during the period. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kemper Stock Up 0.3 %

KMPR opened at $67.30 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The company’s 50-day moving average is $66.29 and its 200 day moving average is $65.35. 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 $4.30 billion, a P/E ratio of 13.71 and a beta of 0.88.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.40. Kemper had a net margin of 6.85% and a return on equity of 14.11%. Research analysts expect that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.32 dividend. This is a positive change from Kemper’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 1.90%. Kemper’s payout ratio is currently 26.07%.

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.