JPMorgan Chase & Co. Has $8.96 Million Stock Holdings in Kemper Corporation $KMPR

JPMorgan Chase & Co. grew its holdings in Kemper Corporation (NYSE:KMPR) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 173,746 shares of the insurance provider’s stock after purchasing an additional 16,238 shares during the period. JPMorgan Chase & Co.’s holdings in Kemper were worth $8,957,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Integrated Quantitative Investments LLC acquired a new stake in Kemper in the second quarter valued at about $976,000. Squarepoint Ops LLC increased its holdings in Kemper by 822.6% in the 2nd quarter. Squarepoint Ops LLC now owns 41,102 shares of the insurance provider’s stock worth $2,653,000 after purchasing an additional 36,647 shares in the last quarter. CSM Advisors LLC acquired a new position in Kemper in the 2nd quarter worth about $5,480,000. Boston Partners raised its position in Kemper by 19.3% in the second quarter. Boston Partners now owns 1,508,352 shares of the insurance provider’s stock valued at $97,026,000 after purchasing an additional 244,391 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Kemper by 119.4% during the third quarter. CWM LLC now owns 66,361 shares of the insurance provider’s stock valued at $3,421,000 after purchasing an additional 36,118 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Price Performance

Kemper stock opened at $31.76 on Friday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.50 and a beta of 1.16. Kemper Corporation has a 52-week low of $30.05 and a 52-week high of $69.83. The stock’s 50 day moving average price is $36.20 and its two-hundred day moving average price is $42.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 0.18.

Kemper (NYSE:KMPR) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.60). Kemper had a net margin of 2.99% and a return on equity of 8.02%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Kemper Corporation will post 6.03 earnings per share for the current year.

Kemper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, February 17th. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. Kemper’s dividend payout ratio is currently 58.45%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMPR. Wall Street Zen cut Kemper from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. UBS Group set a $56.00 target price on shares of Kemper in a research report on Monday, February 9th. William Blair lowered Kemper from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 18th. Weiss Ratings raised shares of Kemper from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 13th. Finally, Citigroup downgraded Kemper to a “market perform” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $56.50.

About Kemper

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.