Wellington Management Group LLP Sells 370,781 Shares of Kemper Co. (NYSE:KMPR)

Wellington Management Group LLP reduced its position in shares of Kemper Co. (NYSE:KMPR - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,738,506 shares of the insurance provider's stock after selling 370,781 shares during the quarter. Wellington Management Group LLP owned 4.29% of Kemper worth $181,946,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KMPR. Boston Partners increased its position in shares of Kemper by 108.2% during the fourth quarter. Boston Partners now owns 1,105,859 shares of the insurance provider's stock valued at $73,363,000 after acquiring an additional 574,730 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Kemper during the 4th quarter valued at $23,325,000. Prudential Financial Inc. increased its holdings in shares of Kemper by 3,378.5% in the 4th quarter. Prudential Financial Inc. now owns 220,712 shares of the insurance provider's stock worth $15,724,000 after purchasing an additional 214,367 shares in the last quarter. Norges Bank purchased a new position in shares of Kemper in the fourth quarter worth $14,016,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Kemper by 102.9% during the third quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider's stock valued at $12,358,000 after buying an additional 102,339 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Kemper Stock Performance

Shares of Kemper stock traded down $6.93 on Friday, hitting $57.77. 1,053,420 shares of the company's stock were exchanged, compared to its average volume of 355,048. The company has a 50-day simple moving average of $66.62 and a 200-day simple moving average of $65.80. The stock has a market capitalization of $3.70 billion, a PE ratio of 11.77 and a beta of 0.88. Kemper Co. has a 1 year low of $54.11 and a 1 year high of $73.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27.

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

Kemper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Tuesday, February 18th. This is an increase from Kemper's previous quarterly dividend of $0.31. Kemper's payout ratio is 26.07%.

Kemper Company 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.