Renaissance Technologies LLC lowered its position in Horace Mann Educators Co. (NYSE:HMN) by 90.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the insurance provider’s stock after selling 48,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Horace Mann Educators were worth $220,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position 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 valued at $39,013,000 after buying an additional 16,724 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Horace Mann Educators during the 3rd quarter worth $397,000. Victory Capital Management Inc. boosted its position in shares of Horace Mann Educators by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,134,506 shares of the insurance provider’s stock worth $95,839,000 after purchasing an additional 24,943 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Horace Mann Educators by 9.0% during the 3rd quarter. First Trust Advisors LP now owns 115,569 shares of the insurance provider’s stock worth $5,189,000 after purchasing an additional 9,521 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its position in shares of Horace Mann Educators by 37.6% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 22,675 shares of the insurance provider’s stock worth $1,018,000 after purchasing an additional 6,200 shares in the last quarter. Institutional investors own 99.93% of the company’s stock.
Several brokerages have commented on HMN. ValuEngine lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. TheStreet lowered shares of Horace Mann Educators from a “b-” rating to a “c+” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, January 4th.
In related news, Director Beverley J. Mcclure sold 1,800 shares of the stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $37.08, for a total transaction of $66,744.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steve Hassenmiller sold 3,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $39.28, for a total transaction of $117,840.00. Following the sale, the director now directly owns 27,664 shares of the company’s stock, valued at approximately $1,086,641.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,600 shares of company stock valued at $251,328. Corporate insiders own 2.20% of the company’s stock.
HMN stock traded down $0.47 during trading on Wednesday, hitting $38.52. The stock had a trading volume of 137,124 shares, compared to its average volume of 168,339. Horace Mann Educators Co. has a 1-year low of $35.34 and a 1-year high of $47.50. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 56.65 and a beta of 0.83. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.23.
Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, February 5th. The insurance provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.13). Horace Mann Educators had a net margin of 1.54% and a return on equity of 2.10%. The firm had revenue of $278.50 million during the quarter. As a group, research analysts predict that Horace Mann Educators Co. will post 2.1 earnings per share for the current year.
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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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