Horace Mann Educators Corporation (NYSE:HMN) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in Horace Mann Educators Corporation (NYSE:HMN) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,930 shares of the insurance provider’s stock after selling 15,381 shares during the period. Bank of Montreal Can owned 0.16% of Horace Mann Educators Corporation worth $2,416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Horace Mann Educators Corporation during the fourth quarter valued at about $147,000. Teachers Advisors LLC boosted its position in shares of Horace Mann Educators Corporation by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 66,710 shares of the insurance provider’s stock valued at $2,855,000 after buying an additional 957 shares during the last quarter. CHICAGO TRUST Co NA purchased a new position in shares of Horace Mann Educators Corporation during the first quarter valued at about $269,000. Louisiana State Employees Retirement System boosted its position in shares of Horace Mann Educators Corporation by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the insurance provider’s stock valued at $673,000 after buying an additional 200 shares during the last quarter. Finally, Palisade Capital Management LLC NJ purchased a new position in shares of Horace Mann Educators Corporation during the first quarter valued at about $1,733,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Shares of Horace Mann Educators Corporation (NYSE HMN) traded down 1.75% on Friday, reaching $36.40. The company had a trading volume of 27,982 shares. The company’s 50-day moving average price is $36.99 and its 200 day moving average price is $39.29. The firm has a market capitalization of $1.48 billion, a P/E ratio of 23.47 and a beta of 1.05. Horace Mann Educators Corporation has a 52 week low of $33.30 and a 52 week high of $44.15.

Horace Mann Educators Corporation (NYSE:HMN) last announced its earnings results 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. The firm had revenue of $291.40 million during the quarter, compared to analyst estimates of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, analysts expect that Horace Mann Educators Corporation will post $1.48 EPS for the current year.

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HMN has been the subject of several research analyst reports. Zacks Investment Research cut Horace Mann Educators Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 27th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $37.00 price objective on shares of Horace Mann Educators Corporation in a research note on Friday, May 26th. Finally, BidaskClub cut Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Horace Mann Educators Corporation presently has a consensus rating of “Sell” and an average target price of $38.50.

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

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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