Kemper Corporation (NYSE:KMPR) Shares Bought by Westfield Capital Management Co. LP

Key Points

• Westfield Capital Management Co. LP increased its holdings in Kemper Corporation by 8.9%, acquiring an additional 97,770 shares during the first quarter, reaching a total of approximately 1.86% ownership valued at $79.7 million.
• Kemper Corporation recently reported a quarterly EPS of $1.65, exceeding analysts' estimates by $0.17, while also revealing a 4.4% year-over-year revenue growth.
• The company has announced a quarterly dividend of $0.32 per share, which reflects a 2.1% yield, and will distribute an annualized amount of $1.28 to shareholders.

Westfield Capital Management Co. LP boosted its position in Kemper Corporation (NYSE:KMPR - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,192,664 shares of the insurance provider's stock after acquiring an additional 97,770 shares during the quarter. Westfield Capital Management Co. LP owned 1.86% of Kemper worth $79,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Kemper by 87.0% in the 1st quarter. GAMMA Investing LLC now owns 1,337 shares of the insurance provider's stock worth $89,000 after purchasing an additional 622 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Kemper by 74.7% during the first quarter. Cerity Partners LLC now owns 35,334 shares of the insurance provider's stock valued at $2,362,000 after buying an additional 15,106 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Kemper during the first quarter valued at approximately $301,000. KBC Group NV grew its holdings in shares of Kemper by 14.3% in the first quarter. KBC Group NV now owns 2,948 shares of the insurance provider's stock worth $197,000 after acquiring an additional 369 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Kemper by 16.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,516 shares of the insurance provider's stock valued at $1,973,000 after purchasing an additional 4,258 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

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

Kemper Stock Performance

Shares of NYSE KMPR traded up $0.70 during midday trading on Tuesday, reaching $61.61. 704,363 shares of the stock were exchanged, compared to its average volume of 587,889. Kemper Corporation has a twelve month low of $53.57 and a twelve month high of $73.01. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $62.62 and a two-hundred day simple moving average of $63.48. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 11.52 and a beta of 1.27.

Kemper (NYSE:KMPR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). Kemper had a return on equity of 15.02% and a net margin of 7.38%. The firm's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 EPS. As a group, analysts anticipate that Kemper Corporation will post 6.03 EPS for the current fiscal year.

Kemper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. Kemper's dividend payout ratio is presently 23.93%.

Insider Transactions at Kemper

In other news, Director Gerald Laderman bought 2,500 shares of Kemper stock in a transaction on Tuesday, June 10th. The stock was acquired at an average price of $62.24 per share, with a total value of $155,600.00. Following the completion of the acquisition, the director directly owned 21,635 shares of the company's stock, valued at $1,346,562.40. The trade was a 13.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alberto J. Paracchini purchased 500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average cost of $61.71 per share, for a total transaction of $30,855.00. Following the completion of the purchase, the director directly owned 10,323 shares of the company's stock, valued at approximately $637,032.33. The trade was a 5.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company's stock.

Kemper 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.