Trexquant Investment LP Sells 1,811 Shares of Kemper Co. (NYSE:KMPR)

Trexquant Investment LP lessened its stake in shares of Kemper Co. (NYSE:KMPR) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,929 shares of the insurance provider’s stock after selling 1,811 shares during the quarter. Trexquant Investment LP owned approximately 0.10% of Kemper worth $4,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Kemper by 141.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 352 shares in the last quarter. Clean Yield Group bought a new stake in shares of Kemper in the 4th quarter valued at about $45,000. GAMMA Investing LLC grew its position in shares of Kemper by 32.2% in the 4th quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider’s stock worth $48,000 after buying an additional 174 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Kemper during the 4th quarter worth approximately $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Kemper during the third quarter valued at approximately $82,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Kemper Price Performance

Kemper stock opened at $57.77 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 11.77 and a beta of 0.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $66.62 and a 200-day simple moving average of $65.80. Kemper Co. has a 12-month low of $54.11 and a 12-month high of $73.01.

Kemper (NYSE:KMPR) last posted its earnings results 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 return on equity of 14.11% and a net margin of 6.85%. Equities analysts expect that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.32 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Kemper’s previous quarterly dividend of $0.31. Kemper’s dividend 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.