Wellington Management Group LLP Increases Stock Position in Kemper Corporation $KMPR

Wellington Management Group LLP increased its holdings in Kemper Corporation (NYSE:KMPR) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 536,164 shares of the insurance provider’s stock after acquiring an additional 118,683 shares during the quarter. Wellington Management Group LLP’s holdings in Kemper were worth $14,455,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Kemper during the 2nd quarter worth $227,331,000. Walleye Capital LLC purchased a new stake in shares of Kemper in the second quarter valued at about $21,709,000. AQR Capital Management LLC boosted its stake in shares of Kemper by 40.1% during the third quarter. AQR Capital Management LLC now owns 2,780,270 shares of the insurance provider’s stock worth $143,323,000 after buying an additional 795,131 shares during the period. Bank of America Corp DE purchased a new position in shares of Kemper during the second quarter worth about $20,800,000. Finally, Millennium Management LLC grew its holdings in shares of Kemper by 129.8% during the third quarter. Millennium Management LLC now owns 1,115,660 shares of the insurance provider’s stock worth $57,512,000 after buying an additional 630,241 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Kemper Trading Down 0.3%

NYSE KMPR opened at $27.95 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.65 billion, a P/E ratio of -3.33 and a beta of 1.04. Kemper Corporation has a 52-week low of $22.69 and a 52-week high of $54.59. The firm has a 50-day moving average price of $28.21 and a 200 day moving average price of $29.12.

Kemper (NYSE:KMPR) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Kemper had a positive return on equity of 2.89% and a negative net margin of 10.84%.The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts expect that Kemper Corporation will post 2.02 EPS for the current year.

Kemper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.32 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Kemper’s payout ratio is -15.24%.

Insider Transactions at Kemper

In other Kemper news, EVP Thomas Evans bought 1,000 shares of Kemper stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $26.53 per share, with a total value of $26,530.00. Following the completion of the acquisition, the executive vice president owned 91,629 shares in the company, valued at $2,430,917.37. The trade was a 1.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Laderman bought 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $26.49 per share, for a total transaction of $105,960.00. Following the completion of the transaction, the director directly owned 33,365 shares in the company, valued at approximately $883,838.85. This represents a 13.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 14,000 shares of company stock valued at $367,880. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KMPR has been the subject of several analyst reports. Zacks Research raised Kemper from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Weiss Ratings downgraded Kemper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. TD Cowen dropped their target price on Kemper from $81.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Wall Street Zen cut Kemper from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Finally, UBS Group decreased their price target on Kemper from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $43.25.

Kemper Company Profile

Kemper Corporation (NYSE:KMPR) is a diversified insurance holding company headquartered in Chicago, Illinois. Formed through the rebranding of Unitrin in 2010, Kemper has established a nationwide presence by offering a broad array of property and casualty insurance products. The company distributes its products through independent agents, brokers and direct-to-consumer channels, serving both individual policyholders and commercial clients.

The personal insurance segment provides coverage for automobiles, homeowners, renters and umbrella lines, while the commercial business focuses on liability, workers’ compensation and specialty property solutions tailored to small and mid-sized enterprises.