Wellington Management Group LLP Increases Stake in Kemper Corporation $KMPR

Key Points

• Wellington Management increased its Kemper stake by 28.4% in the second quarter, adding 118,683 shares to own 536,164 shares valued at approximately $14.5 million. Institutional investors collectively hold 86.23% of KMPR.
• Kemper’s analyst outlook remains cautious, with a consensus rating of “Reduce” and an average price target of $43.25, despite TD Cowen and UBS maintaining “buy” ratings.
• The stock opened at $27.95 and recently reported adjusted earnings of $0.45 per share, beating estimates, while revenue fell 10.8% year over year. Kemper also maintains a quarterly dividend of $0.32, representing a 4.6% annualized yield.

Wellington Management Group LLP boosted its holdings in shares of Kemper Corporation (NYSE:KMPR - Free Report) by 28.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 536,164 shares of the insurance provider's stock after buying an additional 118,683 shares during the quarter. Wellington Management Group LLP owned 0.91% of Kemper worth $14,455,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KMPR. Huntington National Bank increased its position in shares of Kemper by 187.1% during the fourth quarter. Huntington National Bank now owns 646 shares of the insurance provider's stock worth $26,000 after acquiring an additional 421 shares during the period. Danske Bank A S acquired a new position in Kemper during the 3rd quarter worth $36,000. Rockefeller Capital Management L.P. increased its holdings in Kemper by 616.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 946 shares of the insurance provider's stock worth $38,000 after purchasing an additional 814 shares during the period. UMB Bank n.a. increased its holdings in Kemper by 57.5% during the 4th quarter. UMB Bank n.a. now owns 1,388 shares of the insurance provider's stock worth $56,000 after purchasing an additional 507 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Kemper by 181.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,654 shares of the insurance provider's stock valued at $67,000 after purchasing an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KMPR. Wall Street Zen cut Kemper from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Weiss Ratings cut shares of Kemper from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 6th. TD Cowen decreased their price target on shares of Kemper from $81.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, August 27th. UBS Group lowered their price target 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. Finally, Zacks Research raised shares of Kemper from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $43.25.

Kemper Trading Down 0.3%

KMPR opened at $27.95 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.17 and a current ratio of 0.17. Kemper Corporation has a one year low of $22.69 and a one year high of $54.59. The company has a market cap of $1.65 billion, a P/E ratio of -3.33 and a beta of 1.04. The business's 50-day simple moving average is $28.21 and its 200-day simple moving average is $29.12.

Kemper (NYSE:KMPR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.11. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.16 billion. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The firm's revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. As a group, equities research analysts expect that Kemper Corporation will post 2.02 EPS for the current fiscal year.

Kemper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a $0.32 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. Kemper's dividend payout ratio is presently -15.24%.

Insiders Place Their Bets

In related news, Director Jason N. Gorevic purchased 5,000 shares of Kemper stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $25.91 per share, with a total value of $129,550.00. Following the completion of the transaction, the director directly owned 31,802 shares in the company, valued at approximately $823,989.82. The trade was a 18.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen J. Mcanena acquired 3,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $26.50 per share, with a total value of $79,500.00. Following the purchase, the chief executive officer directly owned 30,945 shares of the company's stock, valued at $820,042.50. This represents a 10.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 14,000 shares of company stock worth $367,880. 0.61% of the stock is currently owned by company insiders.

Kemper Company Profile

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.

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