State Street Corp Has $38.90 Million Position in Horace Mann Educators Corporation (NYSE:HMN)

State Street Corp increased its stake in shares of Horace Mann Educators Corporation (NYSE:HMN) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,029,145 shares of the insurance provider’s stock after purchasing an additional 38,681 shares during the period. State Street Corp owned 2.53% of Horace Mann Educators Corporation worth $38,896,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Horace Mann Educators Corporation by 1.4% in the 2nd quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 78 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Horace Mann Educators Corporation by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the insurance provider’s stock valued at $624,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Horace Mann Educators Corporation by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 21,166 shares of the insurance provider’s stock valued at $800,000 after purchasing an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Horace Mann Educators Corporation by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,564 shares of the insurance provider’s stock valued at $966,000 after purchasing an additional 248 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in shares of Horace Mann Educators Corporation by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 29,601 shares of the insurance provider’s stock valued at $1,119,000 after purchasing an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

In other Horace Mann Educators Corporation news, Director Robert Stricker sold 3,829 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $45.75, for a total value of $175,176.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Horace Mann Educators Corporation (HMN) traded down $0.10 during mid-day trading on Wednesday, reaching $45.45. 136,241 shares of the company’s stock were exchanged, compared to its average volume of 158,771. Horace Mann Educators Corporation has a 12 month low of $33.85 and a 12 month high of $46.10. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1,854.43, a P/E ratio of 28.50 and a beta of 1.16.

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

Several equities research analysts have commented on the stock. TheStreet upgraded shares of Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods raised shares of Horace Mann Educators Corporation from an “underperform” rating to a “market perform” rating and set a $37.00 price objective for the company in a research note on Tuesday, September 5th.

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Horace Mann Educators Corporation 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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