Assenagon Asset Management S.A. Acquires Shares of 32,671 Horace Mann Educators Co. (HMN)

Assenagon Asset Management S.A. acquired a new position in Horace Mann Educators Co. (NYSE:HMN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 32,671 shares of the insurance provider’s stock, valued at approximately $1,467,000. Assenagon Asset Management S.A. owned about 0.08% of Horace Mann Educators at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baldwin Brothers Inc. MA lifted its position in Horace Mann Educators by 2.6% during the third quarter. Baldwin Brothers Inc. MA now owns 85,098 shares of the insurance provider’s stock valued at $3,821,000 after purchasing an additional 2,170 shares during the period. Russell Investments Group Ltd. lifted its position in Horace Mann Educators by 21.4% during the third quarter. Russell Investments Group Ltd. now owns 135,089 shares of the insurance provider’s stock valued at $6,065,000 after purchasing an additional 23,816 shares during the period. First Trust Advisors LP lifted its position in Horace Mann Educators by 9.0% during the third quarter. First Trust Advisors LP now owns 115,569 shares of the insurance provider’s stock valued at $5,189,000 after purchasing an additional 9,521 shares during the period. Bank of Montreal Can lifted its position in Horace Mann Educators by 28.8% during the third quarter. Bank of Montreal Can now owns 106,208 shares of the insurance provider’s stock valued at $4,768,000 after purchasing an additional 23,744 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. lifted its position in Horace Mann Educators by 6.6% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 483,120 shares of the insurance provider’s stock valued at $21,692,000 after purchasing an additional 29,855 shares during the period. 99.30% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Wednesday, July 18th.

In other Horace Mann Educators news, CEO Marita Zuraitis sold 8,000 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $46.03, for a total value of $368,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Mccarthy sold 6,975 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $46.56, for a total transaction of $324,756.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,440 shares of company stock valued at $1,581,800. Insiders own 2.20% of the company’s stock.

Shares of Horace Mann Educators stock opened at $40.70 on Friday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.39 and a beta of 0.90. Horace Mann Educators Co. has a fifty-two week low of $37.37 and a fifty-two week high of $47.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06.

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

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Horace Mann Educators 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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