New South Capital Management Inc. Sells 469,596 Shares of Kemper Corporation $KMPR

New South Capital Management Inc. cut its holdings in shares of Kemper Corporation (NYSE:KMPR) by 43.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 609,638 shares of the insurance provider’s stock after selling 469,596 shares during the quarter. Kemper comprises 1.0% of New South Capital Management Inc.’s portfolio, making the stock its 28th biggest position. New South Capital Management Inc.’s holdings in Kemper were worth $15,241,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KMPR. BlackRock Inc. acquired a new position in Kemper during the second quarter valued at $227,331,000. Walleye Capital LLC acquired a new stake in Kemper during the 2nd quarter worth about $21,709,000. Bank of America Corp DE purchased a new position in shares of Kemper during the 2nd quarter valued at about $20,800,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Kemper by 5.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 672,685 shares of the insurance provider’s stock valued at $20,557,000 after buying an additional 32,753 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Kemper by 28.4% in the 2nd quarter. Wellington Management Group LLP now owns 536,164 shares of the insurance provider’s stock valued at $14,455,000 after buying an additional 118,683 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Kemper Trading Up 1.1%

Shares of NYSE:KMPR opened at $34.78 on Thursday. The business’s 50 day moving average price is $28.74 and its 200-day moving average price is $29.58. Kemper Corporation has a 1 year low of $22.69 and a 1 year high of $41.74. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -4.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.19 and a quick ratio of 0.17.

Kemper (NYSE:KMPR) last posted its quarterly earnings data on Monday, November 9th. The insurance provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.20. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kemper had a negative net margin of 9.55% and a positive return on equity of 4.72%. On average, equities research analysts forecast that Kemper Corporation will post 2.10 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, November 16th. Kemper’s dividend payout ratio is currently -15.24%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research upgraded Kemper from a “strong sell” rating to a “hold” rating in a research note on Friday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kemper in a research report on Tuesday, November 3rd. TD Cowen lowered their price objective on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, August 27th. Wall Street Zen raised shares of Kemper from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Finally, UBS Group cut their target price on shares of Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $37.67.

About Kemper

Kemper Corporation is an insurance holding company that provides property and casualty, life, and health insurance products in the United States. Its offerings include personal auto coverage, with a focus on drivers served by specialty insurance markets, as well as life and supplemental health policies. The company distributes insurance through independent agents and other channels. Its businesses include Kemper Auto and Kemper Life, serving individuals and families across the country. Kemper traces its roots to 1912, when Lumbermens Mutual Casualty Company was founded.