Channing Capital Management LLC lowered its position in shares of Horace Mann Educators Co. (NYSE:HMN) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,329,533 shares of the insurance provider’s stock after selling 25,981 shares during the period. Horace Mann Educators accounts for about 2.1% of Channing Capital Management LLC’s holdings, making the stock its 21st biggest position. Channing Capital Management LLC owned 3.25% of Horace Mann Educators worth $59,696,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HMN. Eaton Vance Management increased its holdings in Horace Mann Educators by 3.2% in the 3rd quarter. Eaton Vance Management now owns 339,022 shares of the insurance provider’s stock worth $15,222,000 after acquiring an additional 10,652 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Horace Mann Educators by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,451,244 shares of the insurance provider’s stock worth $154,961,000 after acquiring an additional 32,370 shares in the last quarter. BlackRock Inc. increased its holdings in Horace Mann Educators by 4.2% in the 3rd quarter. BlackRock Inc. now owns 5,877,294 shares of the insurance provider’s stock worth $263,890,000 after acquiring an additional 239,090 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its holdings in Horace Mann Educators by 37.6% in the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 22,675 shares of the insurance provider’s stock worth $1,018,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Horace Mann Educators by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 868,862 shares of the insurance provider’s stock worth $39,013,000 after acquiring an additional 16,724 shares in the last quarter.
NYSE HMN opened at $40.28 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.65 billion, a PE ratio of 26.16 and a beta of 0.87. Horace Mann Educators Co. has a one year low of $37.37 and a one year high of $47.65.
Horace Mann Educators (NYSE:HMN) last posted its earnings results on Tuesday, October 30th. The insurance provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 4.63% and a net margin of 13.48%. On average, sell-side analysts expect that Horace Mann Educators Co. will post 1.58 EPS for the current year.
HMN has been the subject of several analyst reports. ValuEngine lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Zacks Investment Research lowered shares of Horace Mann Educators from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th.
In other news, SVP John P. Mccarthy sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $46.58, for a total transaction of $232,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra L. Figurski sold 2,638 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $46.05, for a total value of $121,479.90. Following the transaction, the insider now owns 6,441 shares of the company’s stock, valued at $296,608.05. The disclosure for this sale can be found here. Insiders have sold a total of 17,613 shares of company stock valued at $817,286 over the last quarter. Corporate insiders own 2.20% of the company’s stock.
About Horace Mann Educators
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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