Prudential Financial Inc. reduced its stake in Kemper Co. (NYSE:KMPR – Get Rating) by 37.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,297 shares of the insurance provider after selling 3,174 shares during the period. Prudential Financial Inc.’s holdings in Kemper were valued at $223,000 at the end of the most recent reporting period.
Other hedge funds have also changed their holdings in the company. Clear Street Markets LLC acquired a new position in Kemper stock valued at approximately $28,000 during the third quarter. Wipfli Financial Advisors LLC acquired a new interest in Kemper valued at $37,000 in Q3. Ronald Blue Trust Inc. acquired a new interest in Kemper valued at $44,000 during the second quarter. PNC Financial Services Group Inc. increased its stake in Kemper by 20.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,377 shares of the insurance provider, valued at $134,000, after buying another 410 shares last quarter. Finally, Inspire Investing LLC increased its stake in Kemper by 7.1% during the second quarter. Inspire Investing LLC now owns 4,438 shares of the insurance provider, valued at $213,000, after purchasing an additional 294 shares last quarter. 81.20% of the shares are owned by institutional investors and hedge funds.
Kemper share up 0.9%
NYSE:KMPR opened at $65.52 on Friday. Kemper Co. has a 12-month low of $40.65 and a 12-month high of $68.15. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt to equity ratio of 0.57. The company has a market cap of $4.19 billion, a P/E of -13.88 and a beta of 0.95. The stock’s 50-day simple moving average is $55.73 and the 200-day simple moving average is $50.86.
Kemper announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Monday, February 13 will receive a dividend of $0.31. The ex-dividend date of this dividend is Friday February 10th. That equates to an annualized dividend of $1.24 and a dividend yield of 1.89%. Kemper’s payout ratio is currently -26.27%.
Analyst upgrades and downgrades
A number of research companies have recently commented on KMPR. Raymond James upgraded Kemper to a strong-buy rating from an outperform rating and raised the company’s price target to $80.00 from $60.00 in a report on Tuesday, February 7th. Piper Sandler raised his price target on Kemper to $50.00 from $48.00 in a research report on Tuesday, January 10. Finally, Credit Suisse Group upgraded Kemper from an underperform rating to a neutral rating and lowered its price target on the company to 56.00 from $44.00 in a research report on Monday, January 30 $ raised.
Insider transactions at Kemper
In related news, Director Alberto J. Paracchini acquired 500 shares of Kemper in a transaction on Tuesday, February 14th. The shares were acquired at an average price of $63.63 per share for a total transaction of $31,815.00. Following the transaction, the Director now directly owns 1,065 shares of the Company, valued at $67,765.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission available at this link. In other news from Kemper, Director Alberto J. Paracchini bought 500 shares of Kemper in one transaction on Tuesday, February 14th. The shares were purchased at an average price of $63.63 per share for a total transaction of $31,815.00. Upon completion of the acquisition, the Director now owns 1,065 shares of the Company, valued at approximately $67,765.95. The acquisition was disclosed in a filing with the SEC, available at this link. In addition, Director Susan D. Whiting sold 1,000 shares of Kemper in a transaction on Tuesday, February 7th. The stock sold at an average price of $66.54 for a total value of $66,540.00. Following the transaction, the Director now owns 9,098 shares of the Company, valued at $605,380.92. The disclosure for this sale can be found here. 0.60% of the shares are owned by company insiders.
About Kemper (received rating)
Kemper Corp. is a holding company engaged in property-casualty, life and health insurance businesses. It operates through the following segments: specialty property and casualty insurance, preferential property and casualty insurance, and life and health insurance. The Specialty Property and Casualty Insurance segment offers personal and commercial auto insurance.
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