Louisiana State Employees Retirement System increased its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,500 shares of the insurance provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Horace Mann Educators Corporation were worth $624,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Baldwin Brothers Inc. MA bought a new stake in Horace Mann Educators Corporation during the second quarter valued at approximately $1,617,000. State of Alaska Department of Revenue increased its stake in Horace Mann Educators Corporation by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 8,006 shares of the insurance provider’s stock valued at $302,000 after buying an additional 3,556 shares during the last quarter. CHICAGO TRUST Co NA increased its stake in Horace Mann Educators Corporation by 7.9% in the second quarter. CHICAGO TRUST Co NA now owns 7,073 shares of the insurance provider’s stock valued at $268,000 after buying an additional 515 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in Horace Mann Educators Corporation by 184.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 6,225 shares of the insurance provider’s stock valued at $235,000 after buying an additional 4,035 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Horace Mann Educators Corporation by 49.1% in the first quarter. Nuveen Asset Management LLC now owns 395,250 shares of the insurance provider’s stock valued at $16,225,000 after buying an additional 130,085 shares during the last quarter. 98.34% of the stock is owned by institutional investors.
Horace Mann Educators Corporation (HMN) traded up 1.90% during midday trading on Tuesday, hitting $37.55. The stock had a trading volume of 62,942 shares. The stock’s 50-day moving average is $37.39 and its 200-day moving average is $39.49. Horace Mann Educators Corporation has a 1-year low of $33.30 and a 1-year high of $44.15. The stock has a market capitalization of $1.53 billion, a PE ratio of 24.21 and a beta of 1.05.
Horace Mann Educators Corporation (NYSE:HMN) last announced its earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.09. The company had revenue of $291.40 million for the quarter, compared to analysts’ expectations of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.57%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. On average, equities research analysts anticipate that Horace Mann Educators Corporation will post $1.48 EPS for the current fiscal year.
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Several research firms have recently commented on HMN. BidaskClub downgraded Horace Mann Educators Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and issued a $37.00 price objective on shares of Horace Mann Educators Corporation in a report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock has a consensus rating of “Sell” and a consensus target price of $38.50.
In other news, CFO Bret A. Conklin sold 4,085 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $37.95, for a total value of $155,025.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew P. Sharpe sold 2,355 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $38.50, for a total value of $90,667.50. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by 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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