Horace Mann Educators Co. (HMN) Stake Lessened by Bailard Inc.

Bailard Inc. trimmed its holdings in Horace Mann Educators Co. (NYSE:HMN) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,700 shares of the insurance provider’s stock after selling 799 shares during the period. Bailard Inc.’s holdings in Horace Mann Educators were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HMN. Baldwin Brothers Inc. MA increased its stake in shares of Horace Mann Educators by 5.2% in the 4th quarter. Baldwin Brothers Inc. MA now owns 89,519 shares of the insurance provider’s stock valued at $3,352,000 after purchasing an additional 4,421 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Horace Mann Educators by 20.4% in the 4th quarter. Rhumbline Advisers now owns 123,861 shares of the insurance provider’s stock valued at $4,639,000 after purchasing an additional 20,999 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Horace Mann Educators by 2.0% in the 4th quarter. Advisors Asset Management Inc. now owns 39,533 shares of the insurance provider’s stock valued at $1,481,000 after purchasing an additional 781 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Horace Mann Educators by 14.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 11,130 shares of the insurance provider’s stock valued at $417,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Horace Mann Educators by 212.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 706,872 shares of the insurance provider’s stock valued at $26,472,000 after purchasing an additional 480,522 shares during the last quarter.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. ValuEngine lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th.

In related news, Director Steve Hassenmiller sold 3,000 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $40.39, for a total transaction of $121,170.00. Following the sale, the director now owns 27,664 shares in the company, valued at approximately $1,117,348.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Beverley J. Mcclure sold 1,800 shares of the business’s stock in a transaction on Monday, December 31st. The stock was sold at an average price of $37.08, for a total value of $66,744.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock worth $254,658 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Shares of HMN stock opened at $38.80 on Thursday. The firm has a market cap of $1.54 billion, a P/E ratio of 57.06 and a beta of 0.83. Horace Mann Educators Co. has a twelve month low of $35.34 and a twelve month high of $47.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.04 and a current ratio of 0.04.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Tuesday, February 5th. The insurance provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The firm had revenue of $278.50 million for the quarter. Horace Mann Educators had a return on equity of 2.10% and a net margin of 1.54%. Equities research analysts expect that Horace Mann Educators Co. will post 2.1 EPS for the current fiscal year.

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

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