Mengis Capital Management Inc. Makes New Investment in Kemper Corp (NYSE:KMPR)
Mengis Capital Management Inc. bought a new position in shares of Kemper Corp (NYSE:KMPR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,148 shares of the insurance provider’s stock, valued at approximately $2,170,000.
A number of other hedge funds have also recently modified their holdings of the business. New York State Teachers Retirement System raised its position in Kemper by 1.9% in the 2nd quarter. New York State Teachers Retirement System now owns 97,280 shares of the insurance provider’s stock valued at $8,394,000 after purchasing an additional 1,800 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Kemper during the 2nd quarter worth $105,000. Retirement Systems of Alabama raised its position in Kemper by 1.2% during the 2nd quarter. Retirement Systems of Alabama now owns 165,882 shares of the insurance provider’s stock worth $14,314,000 after buying an additional 2,039 shares during the last quarter. Trexquant Investment LP purchased a new position in Kemper during the 1st quarter worth $1,351,000. Finally, Hancock Whitney Corp raised its position in Kemper by 161.5% during the 1st quarter. Hancock Whitney Corp now owns 23,145 shares of the insurance provider’s stock worth $1,762,000 after buying an additional 14,294 shares during the last quarter. 65.80% of the stock is currently owned by institutional investors.
A number of brokerages have commented on KMPR. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. ValuEngine upgraded shares of United States Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Kemper currently has an average rating of “Buy” and a consensus price target of $86.00.
Shares of Kemper stock opened at $86.91 on Tuesday. The stock has a market cap of $5.83 billion, a P/E ratio of 19.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.23 and a current ratio of 0.23. Kemper Corp has a one year low of $61.57 and a one year high of $91.97. The stock’s fifty day moving average price is $87.67.
Kemper (NYSE:KMPR) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. Kemper had a net margin of 6.83% and a return on equity of 10.47%. The business’s revenue was up 78.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. As a group, equities analysts anticipate that Kemper Corp will post 5.75 EPS for the current year.
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance to individuals and businesses in the United States. It operates through three segments: Preferred Property & Casualty Insurance, Specialty Property & Casualty Insurance, and Life and Health Insurance.
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