Putnam Investments LLC boosted its position in shares of Kemper Co. (NYSE:KMPR – Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,919 shares of the insurance provider’s stock after purchasing an additional 2,102 shares during the period. Putnam Investments LLC owned approximately 0.12% of Kemper worth $4,204,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gyon Technologies Capital Management LP purchased a new stake in shares of Kemper during the fourth quarter worth about $29,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Kemper during the first quarter worth approximately $41,000. Allspring Global Investments Holdings LLC increased its stake in shares of Kemper by 1,420.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,733 shares of the insurance provider’s stock worth $95,000 after buying an additional 1,619 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Kemper in the first quarter valued at $109,000. Finally, Ameritas Advisory Services LLC bought a new position in Kemper during the 1st quarter valued at $108,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.
Kemper Stock Down 9.7 %
Kemper stock opened at $46.06 on Friday. The firm has a market capitalization of $2.95 billion, a P/E ratio of -9.54 and a beta of 0.92. The company has a 50-day simple moving average of $48.10 and a 200-day simple moving average of $49.61. Kemper Co. has a one year low of $40.65 and a one year high of $68.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.22 and a current ratio of 0.22.
Kemper Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.24 dividend on an annualized basis and a yield of 2.69%. Kemper’s dividend payout ratio (DPR) is presently -25.67%.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. StockNews.com started coverage on Kemper in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Piper Sandler increased their price objective on shares of Kemper from $52.00 to $55.00 in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.00.
Check Out Our Latest Stock Report on KMPR
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.
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