SG Americas Securities LLC cut its stake in Horace Mann Educators Co. (NYSE:HMN) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,060 shares of the insurance provider’s stock after selling 3,090 shares during the period. SG Americas Securities LLC’s holdings in Horace Mann Educators were worth $576,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of HMN. Advisor Group Inc. increased its holdings in Horace Mann Educators by 32.0% in the second quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock valued at $114,000 after buying an additional 733 shares in the last quarter. State Street Corp increased its stake in shares of Horace Mann Educators by 3.9% during the 2nd quarter. State Street Corp now owns 1,029,145 shares of the insurance provider’s stock worth $38,896,000 after purchasing an additional 38,681 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Horace Mann Educators by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,998 shares of the insurance provider’s stock worth $1,210,000 after purchasing an additional 709 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Horace Mann Educators during the 2nd quarter worth approximately $367,000. Finally, First Trust Advisors LP increased its stake in shares of Horace Mann Educators by 65.6% during the 3rd quarter. First Trust Advisors LP now owns 21,982 shares of the insurance provider’s stock worth $865,000 after purchasing an additional 8,710 shares in the last quarter. 99.30% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on HMN shares. Zacks Investment Research raised shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective for the company in a research note on Thursday, January 18th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Horace Mann Educators in a research note on Wednesday, December 6th.
Horace Mann Educators Co. (HMN) opened at $41.70 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators Co. has a 12 month low of $33.85 and a 12 month high of $47.65. The firm has a market cap of $1,699.97, a P/E ratio of 24.13 and a beta of 1.02.
Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, February 6th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. Horace Mann Educators had a net margin of 14.46% and a return on equity of 5.31%. The firm had revenue of $303.00 million for the quarter. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. research analysts predict that Horace Mann Educators Co. will post 2.3 earnings per share for the current year.
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Horace Mann Educators 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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