Brandywine Global Investment Management LLC Sells 22,715 Shares of Kemper Corp (KMPR)
Brandywine Global Investment Management LLC lowered its position in Kemper Corp (NYSE:KMPR) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 155,111 shares of the insurance provider’s stock after selling 22,715 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Kemper were worth $10,688,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cutler Group LP purchased a new position in Kemper in the fourth quarter valued at about $111,000. Fiduciary Trust Co. purchased a new position in Kemper in the fourth quarter valued at about $217,000. Linscomb & Williams Inc. purchased a new position in Kemper in the fourth quarter valued at about $224,000. SVA Plumb Wealth Management LLC acquired a new stake in shares of Kemper in the fourth quarter worth about $229,000. Finally, Shelton Capital Management acquired a new stake in shares of Kemper in the fourth quarter worth about $255,000. Hedge funds and other institutional investors own 58.47% of the company’s stock.
A number of analysts have weighed in on KMPR shares. Zacks Investment Research raised Kemper from a “hold” rating to a “strong-buy” rating and set a $80.00 price target for the company in a research report on Thursday, January 18th. ValuEngine cut Kemper from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, William Blair raised Kemper from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Strong Buy” and an average price target of $67.50.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were given a $0.24 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.66%. Kemper’s dividend payout ratio is currently 41.20%.
Kemper Corporation (Kemper) is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
Want to see what other hedge funds are holding KMPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kemper Corp (NYSE:KMPR).
Receive News & Ratings for Kemper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kemper and related companies with MarketBeat.com's FREE daily email newsletter.