Schwab Charles Investment Management Inc. raised its position in Horace Mann Educators Corporation (NYSE:HMN) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,521 shares of the insurance provider’s stock after buying an additional 8,590 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.54% of Horace Mann Educators Corporation worth $8,930,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. CHICAGO TRUST Co NA acquired a new stake in Horace Mann Educators Corporation during the first quarter worth about $269,000. Russell Investments Group Ltd. acquired a new position in shares of Horace Mann Educators Corporation during the fourth quarter valued at $147,000. Boston Private Wealth LLC boosted its position in shares of Horace Mann Educators Corporation by 29.9% in the first quarter. Boston Private Wealth LLC now owns 15,987 shares of the insurance provider’s stock valued at $656,000 after buying an additional 3,679 shares in the last quarter. Adams Diversified Equity Fund Inc. boosted its position in shares of Horace Mann Educators Corporation by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 23,000 shares of the insurance provider’s stock valued at $944,000 after buying an additional 600 shares in the last quarter. Finally, First Midwest Bank Trust Division boosted its position in shares of Horace Mann Educators Corporation by 3.4% in the first quarter. First Midwest Bank Trust Division now owns 23,849 shares of the insurance provider’s stock valued at $979,000 after buying an additional 786 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.
Horace Mann Educators Corporation (NYSE HMN) traded down 0.27% on Monday, reaching $36.85. The company’s stock had a trading volume of 90,962 shares. Horace Mann Educators Corporation has a 52-week low of $33.30 and a 52-week high of $44.15. The stock’s 50 day moving average price is $37.39 and its 200 day moving average price is $39.49. The firm has a market cap of $1.50 billion, a PE ratio of 23.76 and a beta of 1.05.
Horace Mann Educators Corporation (NYSE:HMN) last released its quarterly earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.09. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.57%. The business had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $290.40 million. During the same period in the previous year, the business earned $0.25 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Horace Mann Educators Corporation will post $1.48 earnings per share for the current fiscal year.
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Several equities analysts recently weighed in on the stock. BidaskClub cut shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $37.00 price target on shares of Horace Mann Educators Corporation in a report on Friday, May 26th. Finally, Zacks Investment Research raised Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock has a consensus rating of “Sell” and an average target price of $38.50.
In other news, insider Matthew P. Sharpe sold 2,355 shares of Horace Mann Educators Corporation stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $38.50, for a total value of $90,667.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Bret A. Conklin sold 4,085 shares of Horace Mann Educators Corporation stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $37.95, for a total value of $155,025.75. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Horace Mann Educators Corporation Company Profile
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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