Legal & General Group Plc boosted its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,425 shares of the insurance provider’s stock after buying an additional 100 shares during the period. Legal & General Group Plc owned about 0.19% of Horace Mann Educators Corporation worth $3,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Horace Mann Educators Corporation during the fourth quarter valued at $28,130,000. Victory Capital Management Inc. raised its position in Horace Mann Educators Corporation by 26.1% in the first quarter. Victory Capital Management Inc. now owns 1,582,823 shares of the insurance provider’s stock valued at $64,975,000 after buying an additional 328,070 shares in the last quarter. Great Lakes Advisors LLC raised its position in Horace Mann Educators Corporation by 133.1% in the first quarter. Great Lakes Advisors LLC now owns 262,536 shares of the insurance provider’s stock valued at $10,777,000 after buying an additional 149,890 shares in the last quarter. State Street Corp raised its position in Horace Mann Educators Corporation by 8.5% in the fourth quarter. State Street Corp now owns 938,419 shares of the insurance provider’s stock valued at $40,163,000 after buying an additional 73,155 shares in the last quarter. Finally, Palisade Capital Management LLC NJ purchased a new position in Horace Mann Educators Corporation during the first quarter valued at $1,733,000. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Horace Mann Educators Corporation (HMN) traded up 0.27% during midday trading on Friday, reaching $36.95. The company’s stock had a trading volume of 87,308 shares. The stock has a 50 day moving average of $37.39 and a 200 day moving average of $39.49. The firm has a market capitalization of $1.50 billion, a PE ratio of 23.82 and a beta of 1.05. Horace Mann Educators Corporation has a 52 week low of $33.30 and a 52 week high of $44.15.

Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.09. The company had revenue of $291.40 million for the quarter, compared to analyst estimates of $290.40 million. Horace Mann Educators Corporation had a return on equity of 4.57% and a net margin of 5.59%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. On average, equities research analysts predict that Horace Mann Educators Corporation will post $1.48 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on HMN shares. Zacks Investment Research lowered Horace Mann Educators Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 27th. Keefe, Bruyette & Woods downgraded Horace Mann Educators Corporation from a “market perform” rating to an “underperform” rating and set a $37.00 target price on the stock. in a report on Monday, April 10th. Finally, BidaskClub downgraded Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has a consensus rating of “Sell” and a consensus target price of $38.50.

In other Horace Mann Educators Corporation news, CFO Bret A. Conklin sold 4,085 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $155,025.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Matthew P. Sharpe sold 2,355 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $38.50, for a total transaction of $90,667.50. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

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.

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

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