Kemper Corporation $KMPR is Mirabella Financial Services LLP’s 8th Largest Position

Mirabella Financial Services LLP raised its stake in Kemper Corporation (NYSE:KMPR) by 54.1% in the second quarter, HoldingsChannel reports. The fund owned 304,747 shares of the insurance provider’s stock after purchasing an additional 107,033 shares during the period. Kemper accounts for approximately 2.0% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 8th largest holding. Mirabella Financial Services LLP’s holdings in Kemper were worth $19,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of Kemper by 40.0% in the 1st quarter. Cetera Investment Advisers now owns 6,914 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 1,975 shares during the period. Federated Hermes Inc. increased its holdings in Kemper by 4.8% in the first quarter. Federated Hermes Inc. now owns 5,688 shares of the insurance provider’s stock valued at $380,000 after buying an additional 263 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Kemper by 74.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,942 shares of the insurance provider’s stock worth $3,004,000 after acquiring an additional 19,194 shares during the period. HighTower Advisors LLC boosted its stake in shares of Kemper by 22.1% during the 1st quarter. HighTower Advisors LLC now owns 11,410 shares of the insurance provider’s stock worth $763,000 after acquiring an additional 2,068 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Kemper during the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

KMPR has been the subject of a number of recent analyst reports. Raymond James Financial cut Kemper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective for the company. in a research report on Wednesday, October 15th. Zacks Research lowered shares of Kemper from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Cowen reissued a “buy” rating on shares of Kemper in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Kemper in a research note on Monday. Finally, Wall Street Zen downgraded Kemper from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $56.67.

Kemper Price Performance

KMPR stock opened at $39.36 on Friday. Kemper Corporation has a 1 year low of $33.91 and a 1 year high of $72.25. The firm has a market capitalization of $2.30 billion, a PE ratio of 10.28 and a beta of 1.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.19 and a quick ratio of 0.19. The business has a 50 day simple moving average of $44.11 and a 200-day simple moving average of $53.67.

Kemper (NYSE:KMPR) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $1.33 by ($1.00). Kemper had a return on equity of 11.48% and a net margin of 5.13%.The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Kemper Corporation will post 6.03 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 17th were issued a $0.32 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.28 dividend on an annualized basis and a yield of 3.3%. Kemper’s dividend payout ratio is currently 33.42%.

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.