Massachusetts Financial Services Co. MA Buys 133,897 Shares of Kemper Corporation (NYSE:KMPR)

Massachusetts Financial Services Co. MA lifted its position in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,041 shares of the insurance provider's stock after buying an additional 133,897 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.79% of Kemper worth $33,762,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KMPR. Boston Partners grew its holdings in shares of Kemper by 108.2% during the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after buying an additional 574,730 shares during the last quarter. AQR Capital Management LLC raised its position in Kemper by 69.2% in the fourth quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider's stock worth $60,661,000 after acquiring an additional 374,798 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Kemper in the fourth quarter worth about $23,325,000. Vaughan Nelson Investment Management L.P. grew its stake in Kemper by 83.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 730,175 shares of the insurance provider's stock valued at $48,813,000 after acquiring an additional 331,770 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Kemper by 3,378.5% in the 4th quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock worth $15,724,000 after buying an additional 214,367 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Trading Up 1.8%

Shares of KMPR stock opened at $62.01 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32. Kemper Corporation has a twelve month low of $53.57 and a twelve month high of $73.01. The company has a market capitalization of $3.97 billion, a P/E ratio of 11.59 and a beta of 1.28. The business's 50 day moving average is $63.29 and its two-hundred day moving average is $63.85.

Kemper (NYSE:KMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 earnings per share. Equities analysts forecast that Kemper Corporation will post 6.03 EPS for the current year.

Kemper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, May 19th. Kemper's dividend payout ratio is presently 23.93%.

Analysts Set New Price Targets

Several brokerages have weighed in on KMPR. Wall Street Zen cut shares of Kemper from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Piper Sandler decreased their target price on shares of Kemper from $86.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $79.40.

Insider Buying and Selling at Kemper

In related news, Director Alberto J. Paracchini bought 500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were bought at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the acquisition, the director directly owned 10,323 shares in the company, valued at approximately $637,032.33. This represents a 5.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Laderman bought 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of $62.24 per share, for a total transaction of $155,600.00. Following the completion of the transaction, the director owned 21,635 shares of the company's stock, valued at $1,346,562.40. This represents a 13.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.20% of the company's stock.

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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