Great Lakes Advisors LLC decreased its stake in Horace Mann Educators Corp. (NYSE:HMN) by 3.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,573 shares of the company’s stock after selling 5,338 shares during the period. Great Lakes Advisors LLC owned 0.36% of Horace Mann Educators Corp. worth $5,335,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HMN. Sei Investments Co. boosted its stake in Horace Mann Educators Corp. by 162.8% in the second quarter. Sei Investments Co. now owns 3,656 shares of the company’s stock valued at $124,000 after buying an additional 2,265 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in Horace Mann Educators Corp. by 40.0% in the third quarter. Sit Investment Associates Inc. now owns 3,500 shares of the company’s stock valued at $128,000 after buying an additional 1,000 shares in the last quarter. PineBridge Investments L.P. boosted its stake in Horace Mann Educators Corp. by 3.1% in the second quarter. PineBridge Investments L.P. now owns 5,088 shares of the company’s stock valued at $172,000 after buying an additional 152 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Horace Mann Educators Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,698 shares of the company’s stock valued at $193,000 after buying an additional 697 shares in the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new stake in Horace Mann Educators Corp. during the third quarter valued at approximately $213,000. 99.70% of the stock is owned by institutional investors and hedge funds.

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

Shares of Horace Mann Educators Corp. (NYSE:HMN) traded down 0.12% during midday trading on Wednesday, reaching $40.15. The company’s stock had a trading volume of 151,236 shares. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 19.68 and a beta of 1.09. Horace Mann Educators Corp. has a 52-week low of $27.15 and a 52-week high of $40.75. The stock has a 50-day moving average price of $37.13 and a 200-day moving average price of $35.36.

Horace Mann Educators Corp. (NYSE:HMN) last released its earnings results on Monday, October 31st. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Horace Mann Educators Corp. had a return on equity of 5.72% and a net margin of 7.57%. The company earned $291.30 million during the quarter, compared to analyst estimates of $219.60 million. During the same quarter in the previous year, the company posted $0.50 EPS. Horace Mann Educators Corp.’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Horace Mann Educators Corp. will post $1.86 earnings per share for the current fiscal year.

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A number of equities research analysts have commented on the company. Zacks Investment Research raised Horace Mann Educators Corp. from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday, October 27th. Langen Mcalenn cut Horace Mann Educators Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 2nd. Finally, Janney Montgomery Scott cut Horace Mann Educators Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 2nd. They noted that the move was a valuation call.

About Horace Mann Educators Corp.

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.

5 Day Chart for NYSE:HMN

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