Massachusetts Financial Services Co. MA Boosts Holdings in Kemper Co. (NYSE:KMPR)

Massachusetts Financial Services Co. MA boosted its stake in shares of Kemper Co. (NYSE:KMPR) by 2.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 307,967 shares of the insurance provider’s stock after purchasing an additional 6,561 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.48% of Kemper worth $18,272,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Kemper by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,203,724 shares of the insurance provider’s stock worth $301,935,000 after acquiring an additional 28,095 shares during the period. Schroder Investment Management Group boosted its position in Kemper by 9.6% in the 4th quarter. Schroder Investment Management Group now owns 1,820,530 shares of the insurance provider’s stock worth $88,605,000 after purchasing an additional 158,830 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Kemper by 3.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 791,145 shares of the insurance provider’s stock worth $48,988,000 after purchasing an additional 23,285 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Kemper by 65.2% during 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 purchasing an additional 246,184 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Kemper by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 568,704 shares of the insurance provider’s stock valued at $33,741,000 after purchasing an additional 8,395 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KMPR. Raymond James raised their price target on shares of Kemper from $70.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 8th. Piper Sandler raised their target price on Kemper from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. StockNews.com cut Kemper from a “buy” rating to a “hold” rating in a report on Sunday, September 8th. UBS Group increased their price target on Kemper from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, JMP Securities boosted their price objective on Kemper from $80.00 to $85.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.20.

Kemper Stock Up 0.2 %

KMPR opened at $60.49 on Friday. The company has a market cap of $3.89 billion, a PE ratio of -31.84 and a beta of 0.85. Kemper Co. has a twelve month low of $38.32 and a twelve month high of $65.93. The company has a 50-day moving average price of $61.87 and a 200 day moving average price of $59.96. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.52.

Kemper (NYSE:KMPR) last announced its earnings results on Monday, August 5th. The insurance provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.23. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Kemper had a return on equity of 7.27% and a net margin of 1.11%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. Sell-side analysts expect that Kemper Co. will post 5.17 earnings per share for the current fiscal year.

Kemper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.31 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. Kemper’s payout ratio is currently -65.26%.

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.