Massachusetts Financial Services Co. MA Buys 36,004 Shares of Kemper Co. (NYSE:KMPR)

Massachusetts Financial Services Co. MA lifted its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 371,144 shares of the insurance provider's stock after buying an additional 36,004 shares during the period. Massachusetts Financial Services Co. MA owned about 0.58% of Kemper worth $24,659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in Kemper by 141.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 600 shares of the insurance provider's stock valued at $40,000 after buying an additional 352 shares during the period. Clean Yield Group bought a new position in Kemper during the fourth quarter valued at $45,000. GAMMA Investing LLC raised its stake in shares of Kemper by 32.2% in the fourth quarter. GAMMA Investing LLC now owns 715 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 174 shares during the period. Parkside Financial Bank & Trust bought a new stake in shares of Kemper in the 4th quarter worth about $63,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Kemper in the 3rd quarter worth about $82,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KMPR shares. Piper Sandler increased their price objective on shares of Kemper from $83.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Raymond James increased their price target on Kemper from $75.00 to $82.00 and gave the stock a "strong-buy" rating in a report on Thursday, December 26th. Finally, StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $81.60.

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Kemper Trading Down 2.3 %

KMPR stock traded down $1.31 during mid-day trading on Friday, reaching $56.80. The company had a trading volume of 722,961 shares, compared to its average volume of 362,720. The company has a market capitalization of $3.64 billion, a PE ratio of 11.57 and a beta of 1.05. The firm has a 50 day moving average of $65.34 and a 200 day moving average of $65.62. Kemper Co. has a 12 month low of $53.57 and a 12 month high of $73.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

Kemper (NYSE:KMPR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. On average, equities analysts predict that Kemper Co. will post 6.03 earnings per share for the current fiscal year.

Kemper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.32 per share. This is an increase from Kemper's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.25%. Kemper's dividend payout ratio is presently 26.07%.

About Kemper

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.