Kemper Co. (NYSE:KMPR) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in shares of Kemper Co. (NYSE:KMPR - Free Report) by 8.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,140 shares of the insurance provider's stock after buying an additional 27,173 shares during the period. Massachusetts Financial Services Co. MA owned about 0.52% of Kemper worth $20,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMPR. GAMMA Investing LLC boosted its stake in shares of Kemper by 114.7% during the 3rd quarter. GAMMA Investing LLC now owns 541 shares of the insurance provider's stock worth $33,000 after acquiring an additional 289 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Kemper by 5,590.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 569 shares of the insurance provider's stock worth $35,000 after purchasing an additional 559 shares during the last quarter. LRI Investments LLC acquired a new stake in Kemper in the first quarter valued at $36,000. Quarry LP increased its position in shares of Kemper by 105.1% in the second quarter. Quarry LP now owns 642 shares of the insurance provider's stock valued at $38,000 after buying an additional 329 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Kemper during the 3rd quarter worth $46,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Kemper Trading Down 0.5 %

NYSE KMPR traded down $0.38 during trading hours on Tuesday, hitting $71.57. 362,760 shares of the company's stock were exchanged, compared to its average volume of 376,568. The business's 50 day moving average is $64.05 and its 200-day moving average is $61.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.22. Kemper Co. has a 12-month low of $42.32 and a 12-month high of $73.01. The firm has a market capitalization of $4.58 billion, a P/E ratio of 17.04 and a beta of 0.85.

Kemper (NYSE:KMPR - Get Free Report) last released its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.28. Kemper had a net margin of 5.86% and a return on equity of 12.03%. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the company earned ($0.44) earnings per share. The company's quarterly revenue was down 1.7% on a year-over-year basis. As a group, analysts anticipate that Kemper Co. will post 5.36 EPS for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. Kemper's payout ratio is 29.52%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JMP Securities reissued a "market outperform" rating and issued a $85.00 price objective on shares of Kemper in a research note on Tuesday, October 15th. StockNews.com upgraded Kemper from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Piper Sandler increased their target price on Kemper from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, August 6th. UBS Group upped their price objective on Kemper from $67.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Finally, TD Cowen lifted their price objective on Kemper from $72.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $79.00.

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.