Wellington Management Trims Kemper Corp Stake to 5.0%

TL;DR

**Wellington Management Group just cut its KMPR stake to 5.0%.**

AI Summary

Wellington Management Group LLP, a major investment firm, has updated its ownership stake in Kemper Corp (KMPR) as of December 29, 2023. This amendment (SC 13G/A) indicates that Wellington Management Group LLP now beneficially owns 5.0% of Kemper's Common Stock, down from a previous undisclosed higher percentage. This matters to investors because a significant institutional investor reducing its stake could signal a shift in their outlook on Kemper's future performance or valuation.

Why It Matters

This filing shows a large institutional investor, Wellington Management Group LLP, has reduced its position in Kemper Corp, which could be interpreted as a decrease in confidence or a portfolio rebalancing.

Risk Assessment

Risk Level: medium — A reduction in ownership by a major institutional investor like Wellington Management Group LLP could indicate potential concerns about the company's future performance or valuation, posing a medium risk to current or prospective shareholders.

Analyst Insight

Investors should monitor KEMPER Corp's upcoming earnings reports and analyst ratings for further insights, as a reduction by a major institutional holder like Wellington Management Group LLP could signal a shift in market sentiment or fundamentals.

Key Numbers

• 5.0% — Beneficial Ownership (Wellington Management Group LLP's current ownership percentage of KEMPER Corp's Common Stock.)
• December 29, 2023 — Event Date (The date that triggered the requirement for this amendment filing.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person who filed the SC 13G/A
• KEMPER Corp (company) — the subject company whose securities are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• 5.0% (dollar_amount) — the percentage of KEMPER Corp's Common Stock beneficially owned by Wellington Management Group LLP

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in Kemper Corp following Wellington Management Group LLP's reduction. (KEMPER Corp) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000181.txt ( ) — 37KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * KEMPER Corp (Name of Issuer) Common Stock (Title of Class of Securities) 488401100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 488401100 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,541,697 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,119,476 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,119,476 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.43% 12. TYPE OF REPORTING PERSON HC CUSIP No. 488401100 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,541,697 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,119,476 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,119,476 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.43% 12. TYPE OF REPORTING PERSON HC CUSIP No. 488401100 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,541,697 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 4,119,476 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,119,476 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.43% 12. TYPE OF REPORTING PERSON HC CUSIP No. 488401100 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 3,391,803 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 3,840,015 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,840,015 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.99% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer KEMPER Corp (b) Address of Issuer's Principal Executive Offices 200 East Randolph Street Suite 3300 Chicago, IL 60601 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 488401100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(

View Full Filing

View this SC 13G/A filing on SEC EDGAR