Citadel Advisors LLC grew its position in Horace Mann Educators Corporation (NYSE:HMN) by 58.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,202 shares of the insurance provider’s stock after purchasing an additional 28,432 shares during the period. Citadel Advisors LLC owned about 0.19% of Horace Mann Educators worth $3,038,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HMN. Deprince Race & Zollo Inc. acquired a new position in Horace Mann Educators in the 3rd quarter worth about $14,014,000. Victory Capital Management Inc. increased its position in Horace Mann Educators by 16.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,973,583 shares of the insurance provider’s stock worth $77,661,000 after purchasing an additional 275,740 shares during the last quarter. Channing Capital Management LLC increased its position in Horace Mann Educators by 17.0% in the 3rd quarter. Channing Capital Management LLC now owns 1,219,629 shares of the insurance provider’s stock worth $47,992,000 after purchasing an additional 176,784 shares during the last quarter. Russell Investments Group Ltd. increased its position in Horace Mann Educators by 867.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 191,680 shares of the insurance provider’s stock worth $7,543,000 after purchasing an additional 171,872 shares during the last quarter. Finally, Shell Asset Management Co. acquired a new position in Horace Mann Educators in the 3rd quarter worth about $4,157,000. 98.26% of the stock is currently owned by institutional investors.

Horace Mann Educators Corporation (NYSE:HMN) opened at $46.85 on Friday. 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 capitalization of $1,905.25, a PE ratio of 29.28 and a beta of 1.17. Horace Mann Educators Corporation has a 52-week low of $33.85 and a 52-week high of $47.65.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.47. The business had revenue of $289.80 million for the quarter, compared to analyst estimates of $293.10 million. Horace Mann Educators had a return on equity of 4.94% and a net margin of 5.56%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. sell-side analysts anticipate that Horace Mann Educators Corporation will post 1.7 earnings per share for the current year.

HMN has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $35.00 target price on shares of Horace Mann Educators in a research report on Friday, August 18th. TheStreet lowered Horace Mann Educators from a “b” rating to a “c+” rating in a research report on Monday, August 28th. BidaskClub raised Horace Mann Educators from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research raised Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, October 27th.

In other news, Director Robert Stricker sold 3,829 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $45.75, for a total transaction of $175,176.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

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About Horace Mann Educators

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 (NYSE:HMN)

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