California State Teachers Retirement System Decreases Position in Horace Mann Educators Corporation (HMN)

California State Teachers Retirement System cut its holdings in shares of Horace Mann Educators Corporation (NYSE:HMN) by 9.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,448 shares of the insurance provider’s stock after selling 7,381 shares during the period. California State Teachers Retirement System owned about 0.18% of Horace Mann Educators Corporation worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HMN. Amalgamated Bank increased its holdings in Horace Mann Educators Corporation by 1.4% in the second quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock valued at $210,000 after buying an additional 78 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Horace Mann Educators Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the insurance provider’s stock valued at $624,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its holdings in Horace Mann Educators Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 21,166 shares of the insurance provider’s stock valued at $800,000 after buying an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Horace Mann Educators Corporation by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,564 shares of the insurance provider’s stock valued at $966,000 after buying an additional 248 shares in the last quarter. Finally, Texas Permanent School Fund increased its holdings in Horace Mann Educators Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 29,601 shares of the insurance provider’s stock valued at $1,119,000 after buying an additional 395 shares in the last quarter. Institutional investors own 99.58% of the company’s stock.

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Horace Mann Educators Corporation (NYSE:HMN) opened at $45.75 on Friday. Horace Mann Educators Corporation has a fifty-two week low of $33.85 and a fifty-two week high of $45.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $1,838.16, a price-to-earnings ratio of 28.25 and a beta of 1.16.

Horace Mann Educators Corporation (NYSE:HMN) last released its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.47. The company had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $293.10 million. Horace Mann Educators Corporation had a net margin of 5.56% and a return on equity of 4.94%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share. equities research analysts expect that Horace Mann Educators Corporation will post 1.7 EPS for the current fiscal year.

In other news, Director Robert Stricker sold 3,500 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $39.35, for a total transaction of $137,725.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.

HMN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $35.00 price objective on shares of Horace Mann Educators Corporation in a report on Friday, August 18th. BidaskClub raised shares of Horace Mann Educators Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, TheStreet raised shares of Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th.

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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Institutional Ownership by Quarter for Horace Mann Educators Corporation (NYSE:HMN)

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