Horace Mann Educators Corporation (HMN) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN reduced its stake in Horace Mann Educators Corporation (NYSE:HMN) by 12.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,803 shares of the insurance provider’s stock after selling 849 shares during the period. OLD National Bancorp IN’s holdings in Horace Mann Educators Corporation were worth $219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baldwin Brothers Inc. MA bought a new position in Horace Mann Educators Corporation during the second quarter worth about $1,617,000. State of Alaska Department of Revenue raised its position in Horace Mann Educators Corporation by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 8,006 shares of the insurance provider’s stock worth $302,000 after buying an additional 3,556 shares during the period. CHICAGO TRUST Co NA raised its position in Horace Mann Educators Corporation by 7.9% in the second quarter. CHICAGO TRUST Co NA now owns 7,073 shares of the insurance provider’s stock worth $268,000 after buying an additional 515 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in Horace Mann Educators Corporation by 184.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 6,225 shares of the insurance provider’s stock worth $235,000 after buying an additional 4,035 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Horace Mann Educators Corporation by 49.1% in the first quarter. Nuveen Asset Management LLC now owns 395,250 shares of the insurance provider’s stock worth $16,225,000 after buying an additional 130,085 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.

Shares of Horace Mann Educators Corporation (NYSE HMN) traded up 0.41% on Friday, reaching $37.10. The company’s stock had a trading volume of 169,515 shares. Horace Mann Educators Corporation has a 1-year low of $33.30 and a 1-year high of $44.15. The stock has a 50-day moving average of $36.90 and a 200 day moving average of $39.09. The stock has a market capitalization of $1.51 billion, a PE ratio of 23.92 and a beta of 1.05.

Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings data on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.09. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The firm had revenue of $291.40 million for the quarter, compared to analyst estimates of $290.40 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Horace Mann Educators Corporation will post $1.48 EPS for the current year.

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A number of analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “sell” rating and issued a $35.00 price target on shares of Horace Mann Educators Corporation in a research report on Friday. BidaskClub upgraded Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research upgraded Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.50.

In other Horace Mann Educators Corporation news, CFO Bret A. Conklin sold 4,085 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $155,025.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew P. Sharpe sold 2,355 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $38.50, for a total transaction of $90,667.50. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Horace Mann Educators Corporation 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.

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

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