WBI Investments Inc. Reduces Position in Horace Mann Educators Co. (HMN)

WBI Investments Inc. reduced its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 16.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,433 shares of the insurance provider’s stock after selling 5,544 shares during the quarter. WBI Investments Inc.’s holdings in Horace Mann Educators were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at approximately $164,000. Ingalls & Snyder LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at approximately $203,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Horace Mann Educators during the 1st quarter valued at approximately $339,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at approximately $386,000. Finally, NJ State Employees Deferred Compensation Plan raised its position in shares of Horace Mann Educators by 40.0% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 14,000 shares of the insurance provider’s stock valued at $624,000 after acquiring an additional 4,000 shares in the last quarter. 99.30% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Horace Mann Educators from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th.

HMN stock opened at $40.92 on Monday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.68 billion, a P/E ratio of 23.52 and a beta of 0.90. Horace Mann Educators Co. has a 12-month low of $37.37 and a 12-month high of $47.65.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Tuesday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. The firm had revenue of $311.40 million during the quarter. Horace Mann Educators had a return on equity of 4.53% and a net margin of 13.48%. Sell-side analysts expect that Horace Mann Educators Co. will post 1.58 earnings per share for the current year.

In related news, SVP John P. Mccarthy sold 5,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $46.58, for a total transaction of $232,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marita Zuraitis sold 8,000 shares of the company’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $46.03, for a total value of $368,240.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,440 shares of company stock valued at $1,581,800. 2.20% of the stock is owned by company insiders.

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

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