Hotchkis & Wiley Capital Management LLC Sells 9,720 Shares of Kemper Co. (NYSE:KMPR)

Hotchkis & Wiley Capital Management LLC decreased its holdings in Kemper Co. (NYSE:KMPR) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,570 shares of the insurance provider’s stock after selling 9,720 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.31% of Kemper worth $12,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Centiva Capital LP acquired a new stake in shares of Kemper in the 3rd quarter valued at $334,000. Atom Investors LP raised its position in Kemper by 1.1% during the 3rd quarter. Atom Investors LP now owns 19,240 shares of the insurance provider’s stock worth $1,178,000 after purchasing an additional 208 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Kemper in the 3rd quarter worth about $2,991,000. Verition Fund Management LLC raised its position in shares of Kemper by 7.0% in the 3rd quarter. Verition Fund Management LLC now owns 108,355 shares of the insurance provider’s stock worth $6,637,000 after acquiring an additional 7,127 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Kemper in the 3rd quarter valued at about $238,000. Institutional investors own 86.23% of the company’s stock.

Kemper Price Performance

NYSE:KMPR opened at $70.28 on Wednesday. Kemper Co. has a 12 month low of $44.48 and a 12 month high of $73.01. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.50 billion, a P/E ratio of 16.73 and a beta of 0.88. The stock has a 50 day moving average of $65.09 and a two-hundred day moving average of $62.17.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.28. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.07 billion. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned ($0.44) EPS. On average, analysts expect that Kemper Co. will post 5.36 earnings per share for the current fiscal year.

Kemper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Monday, November 18th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, November 18th. Kemper’s payout ratio is currently 29.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TD Cowen boosted their target price on shares of Kemper from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com upgraded shares of Kemper from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Piper Sandler upped their price objective on shares of Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. Finally, UBS Group increased their price target on shares of Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $79.00.

About Kemper

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.