Wellington Management Group LLP Sells 476,330 Shares of Kemper Co. (NYSE:KMPR)

Wellington Management Group LLP reduced its holdings in Kemper Co. (NYSE:KMPR - Free Report) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,109,287 shares of the insurance provider's stock after selling 476,330 shares during the period. Wellington Management Group LLP owned approximately 4.86% of Kemper worth $190,444,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Kemper by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,429,101 shares of the insurance provider's stock worth $144,115,000 after purchasing an additional 30,882 shares in the last quarter. State Street Corp grew its holdings in shares of Kemper by 3.9% during the 3rd quarter. State Street Corp now owns 2,136,621 shares of the insurance provider's stock worth $130,868,000 after purchasing an additional 79,622 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in Kemper by 81.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 838,085 shares of the insurance provider's stock valued at $51,333,000 after buying an additional 375,324 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Kemper by 2.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 741,775 shares of the insurance provider's stock valued at $44,010,000 after buying an additional 19,982 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Kemper by 65.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 623,832 shares of the insurance provider's stock valued at $37,012,000 after buying an additional 246,184 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Kemper Price Performance

Shares of KMPR stock traded down $2.17 during trading hours on Monday, hitting $68.47. 294,507 shares of the company's stock were exchanged, compared to its average volume of 373,695. The stock's 50-day moving average is $65.88 and its 200-day moving average is $62.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 16.82 and a beta of 0.88. Kemper Co. has a 52 week low of $47.12 and a 52 week high of $73.01.

Kemper (NYSE:KMPR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.34 by $0.28. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.07 billion. Kemper had a return on equity of 12.03% and a net margin of 5.86%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.44) earnings per share. As a group, research analysts forecast that Kemper Co. will post 5.49 EPS for the current year.

Kemper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Monday, November 18th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.81%. The ex-dividend date was Monday, November 18th. Kemper's dividend payout ratio is 29.52%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KMPR shares. UBS Group boosted their price target on Kemper from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. TD Cowen boosted their price target on Kemper from $72.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $85.00 price target on shares of Kemper in a research note on Tuesday, October 15th. Finally, StockNews.com raised Kemper from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target 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.