Massachusetts Financial Services Co. MA Buys 133,897 Shares of Kemper Corporation (NYSE:KMPR)

Massachusetts Financial Services Co. MA lifted its stake in shares of Kemper Corporation (NYSE:KMPR) by 36.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 505,041 shares of the insurance provider’s stock after buying an additional 133,897 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Kemper were worth $33,762,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of KMPR. Ameriprise Financial Inc. increased its stake in shares of Kemper by 4.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,238,284 shares of the insurance provider’s stock worth $82,271,000 after purchasing an additional 52,290 shares during the last quarter. Boston Partners increased its holdings in 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 buying an additional 574,730 shares during the last quarter. No Street GP LP grew its stake in Kemper by 5.3% during the fourth quarter. No Street GP LP now owns 1,100,000 shares of the insurance provider’s stock valued at $73,084,000 after acquiring an additional 55,000 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Kemper by 17.0% during the fourth quarter. Driehaus Capital Management LLC now owns 934,571 shares of the insurance provider’s stock valued at $62,093,000 after purchasing an additional 135,499 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Kemper by 69.2% in the 4th quarter. AQR Capital Management LLC now owns 916,195 shares of the insurance provider’s stock worth $60,661,000 after acquiring an additional 374,798 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Insiders Place Their Bets

In other Kemper news, Director Alberto J. Paracchini bought 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of $61.71 per share, for a total transaction of $30,855.00. Following the transaction, the director directly owned 10,323 shares in the company, valued at approximately $637,032.33. This trade represents a 5.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Laderman purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average price of $62.24 per share, for a total transaction 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. This trade represents a 13.07% increase in their position. The disclosure for this purchase can be found here. 6.20% of the stock is currently owned by insiders.

Kemper Price Performance

Shares of KMPR opened at $62.01 on Friday. The stock’s fifty day moving average is $63.29 and its 200-day moving average is $63.85. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 11.59 and a beta of 1.28. Kemper Corporation has a one year low of $53.57 and a one year high of $73.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.22 and a current ratio of 0.22.

Kemper (NYSE:KMPR) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Kemper had a return on equity of 15.02% and a net margin of 7.38%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. Equities analysts anticipate that Kemper Corporation will post 6.03 EPS for the current year.

Kemper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a dividend of $0.32 per share. The ex-dividend date was Monday, May 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. Kemper’s payout ratio is 23.93%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Kemper from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 6th. Piper Sandler decreased their price objective 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $79.40.

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.