Bank of America Corp DE Cuts Stock Holdings in Kemper Co. (NYSE:KMPR)

Bank of America Corp DE trimmed its stake in shares of Kemper Co. (NYSE:KMPR) by 15.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 586,762 shares of the insurance provider’s stock after selling 109,068 shares during the period. Bank of America Corp DE owned 0.92% of Kemper worth $38,984,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KMPR. EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 352 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Kemper in the 4th quarter worth $63,000. KBC Group NV grew its stake in shares of Kemper by 25.8% in the 4th quarter. KBC Group NV now owns 2,579 shares of the insurance provider’s stock worth $171,000 after buying an additional 529 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Kemper by 44.6% in the 4th quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider’s stock worth $197,000 after buying an additional 993 shares in the last quarter. Finally, BKM Wealth Management LLC purchased a new position in shares of Kemper in the 4th quarter worth $202,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price objective on shares of Kemper from $86.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $79.40.

Kemper Price Performance

KMPR stock opened at $64.70 on Friday. Kemper Co. has a 12 month low of $53.57 and a 12 month high of $73.01. 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 50-day moving average price of $62.23 and a 200 day moving average price of $65.32. The stock has a market cap of $4.14 billion, a PE ratio of 13.18 and a beta of 1.26.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.17. Kemper had a net margin of 6.85% and a return on equity of 14.11%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Kemper Co. will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.98%. Kemper’s payout ratio is 23.93%.

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.