Nuveen Asset Management LLC Grows Holdings in Kemper Co. (NYSE:KMPR)

Nuveen Asset Management LLC grew its stake in shares of Kemper Co. (NYSE:KMPR) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 273,999 shares of the insurance provider’s stock after buying an additional 14,989 shares during the period. Nuveen Asset Management LLC’s holdings in Kemper were worth $21,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC purchased a new position in Kemper in the fourth quarter worth $831,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kemper by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,857,816 shares of the insurance provider’s stock worth $450,056,000 after purchasing an additional 453,444 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Kemper by 4.3% during the 4th quarter. Schroder Investment Management Group now owns 680,024 shares of the insurance provider’s stock valued at $52,246,000 after purchasing an additional 28,161 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kemper by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 531,564 shares of the insurance provider’s stock valued at $40,841,000 after buying an additional 8,698 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Kemper by 2.4% in the 4th quarter. Stifel Financial Corp now owns 20,580 shares of the insurance provider’s stock worth $1,581,000 after buying an additional 488 shares during the last quarter. 70.78% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on KMPR shares. Zacks Investment Research lowered shares of Kemper from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James boosted their price target on shares of Kemper from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 17th.

Shares of KMPR opened at $80.83 on Thursday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 12.36 and a beta of 0.83. Kemper Co. has a twelve month low of $54.41 and a twelve month high of $85.69. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $79.08 and a two-hundred day simple moving average of $73.91.

Kemper (NYSE:KMPR) last issued its quarterly earnings data on Sunday, January 31st. The insurance provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.55 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.27 billion. Kemper had a net margin of 8.58% and a return on equity of 10.59%. Sell-side analysts expect that Kemper Co. will post 6.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th were given a $0.31 dividend. This is a positive change from Kemper’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, February 12th. Kemper’s dividend payout ratio (DPR) is currently 19.78%.

In related news, Director David P. Storch purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 4th. The stock was bought at an average cost of $70.12 per share, with a total value of $140,240.00. Following the completion of the purchase, the director now directly owns 22,603 shares in the company, valued at $1,584,922.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark A. Green sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $77.37, for a total transaction of $386,850.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

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Institutional Ownership by Quarter for Kemper (NYSE:KMPR)

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