Trillium Asset Management LLC boosted its stake in Horace Mann Educators Co. (NYSE:HMN) by 14.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,618 shares of the insurance provider’s stock after acquiring an additional 10,902 shares during the quarter. Trillium Asset Management LLC’s holdings in Horace Mann Educators were worth $3,617,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new position in Horace Mann Educators in the 4th quarter worth approximately $176,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Horace Mann Educators by 62.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,274 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 1,645 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Horace Mann Educators in the 4th quarter valued at approximately $263,000. QS Investors LLC raised its position in shares of Horace Mann Educators by 68.1% in the 4th quarter. QS Investors LLC now owns 7,388 shares of the insurance provider’s stock valued at $326,000 after purchasing an additional 2,993 shares in the last quarter. Finally, Bailard Inc. acquired a new position in shares of Horace Mann Educators in the 1st quarter valued at approximately $424,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.
HMN stock opened at $44.75 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.83 billion, a P/E ratio of 25.72 and a beta of 0.93. Horace Mann Educators Co. has a 12-month low of $33.85 and a 12-month high of $47.65.
Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.12). The firm had revenue of $295.50 million for the quarter. Horace Mann Educators had a net margin of 14.77% and a return on equity of 5.53%. sell-side analysts expect that Horace Mann Educators Co. will post 2.2 earnings per share for the current year.
A number of brokerages have issued reports on HMN. Zacks Investment Research lowered Horace Mann Educators from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 21st. ValuEngine raised Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Finally, Keefe, Bruyette & Woods set a $43.00 target price on Horace Mann Educators and gave the company a “hold” rating in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $46.50.
In related news, CFO Bret A. Conklin sold 4,259 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $44.82, for a total transaction of $190,888.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.
Horace Mann Educators Company Profile
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.
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