Victory Capital Management Inc. lowered its position in Kemper Corp (NYSE:KMPR) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,607,515 shares of the insurance provider’s stock after selling 92,658 shares during the quarter. Victory Capital Management Inc.’s holdings in Kemper were worth $106,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of KMPR. BlackRock Inc. grew its holdings in shares of Kemper by 31.9% in the third quarter. BlackRock Inc. now owns 6,324,076 shares of the insurance provider’s stock worth $508,773,000 after acquiring an additional 1,528,614 shares during the period. Vanguard Group Inc grew its holdings in Kemper by 31.3% during the third quarter. Vanguard Group Inc now owns 5,185,592 shares of the insurance provider’s stock valued at $417,181,000 after purchasing an additional 1,236,313 shares during the period. Vanguard Group Inc. grew its holdings in Kemper by 31.3% during the third quarter. Vanguard Group Inc. now owns 5,185,592 shares of the insurance provider’s stock valued at $417,181,000 after purchasing an additional 1,236,313 shares during the period. Dimensional Fund Advisors LP grew its holdings in Kemper by 22.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,793,887 shares of the insurance provider’s stock valued at $385,666,000 after purchasing an additional 884,862 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Kemper during the third quarter valued at about $32,133,000. 68.00% of the stock is owned by institutional investors.
Shares of Kemper stock traded up $1.08 during trading hours on Wednesday, hitting $79.64. The company’s stock had a trading volume of 1,031 shares, compared to its average volume of 234,384. Kemper Corp has a 12-month low of $50.85 and a 12-month high of $87.00. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 48.57 and a beta of 1.15. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.37.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 19th will be given a $0.25 dividend. This is an increase from Kemper’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, February 15th. Kemper’s payout ratio is currently 58.54%.
KMPR has been the subject of several recent research reports. Zacks Investment Research raised Kemper from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Keefe, Bruyette & Woods assumed coverage on Kemper in a research report on Thursday, November 1st. They issued a “market perform” rating and a $80.00 price objective on the stock. Sandler O’Neill upgraded Kemper from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, JMP Securities upgraded Kemper from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Kemper currently has a consensus rating of “Buy” and a consensus price target of $82.33.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. The company's Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella, and other types of property and casualty insurance to individuals; and commercial automobile insurance to businesses.
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