Connable Office Inc. Has $236,000 Position in Horace Mann Educators Corporation (NYSE:HMN)

Connable Office Inc. continued to hold its stake in Horace Mann Educators Corporation (NYSE:HMN) during the second quarter, Holdings Channel reports. The fund owned 6,238 shares of the insurance provider’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Horace Mann Educators Corporation were worth $236,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in Horace Mann Educators Corporation by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 57,099 shares of the insurance provider’s stock valued at $2,341,000 after buying an additional 3,833 shares during the period. Adams Diversified Equity Fund Inc. increased its stake in Horace Mann Educators Corporation by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 23,000 shares of the insurance provider’s stock valued at $944,000 after buying an additional 600 shares during the period. Punch & Associates Investment Management Inc. increased its stake in Horace Mann Educators Corporation by 1.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 184,186 shares of the insurance provider’s stock valued at $7,561,000 after buying an additional 3,210 shares during the period. First Midwest Bank Trust Division increased its stake in Horace Mann Educators Corporation by 3.4% in the first quarter. First Midwest Bank Trust Division now owns 23,849 shares of the insurance provider’s stock valued at $979,000 after buying an additional 786 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in Horace Mann Educators Corporation by 192.3% in the first quarter. Sit Investment Associates Inc. now owns 11,400 shares of the insurance provider’s stock valued at $468,000 after buying an additional 7,500 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Corporation (NYSE HMN) opened at 36.40 on Friday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 23.47 and a beta of 1.05. Horace Mann Educators Corporation has a one year low of $33.30 and a one year high of $44.15. The firm’s 50-day moving average is $36.96 and its 200 day moving average is $39.25.

Horace Mann Educators Corporation (NYSE:HMN) last released its earnings results on Monday, July 24th. The insurance provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.09. The company had revenue of $291.40 million for 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%. Horace Mann Educators Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. Analysts forecast that Horace Mann Educators Corporation will post $1.48 EPS for the current fiscal year.

WARNING: This piece was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.thestockobserver.com/2017/08/12/connable-office-inc-has-236000-position-in-horace-mann-educators-corporation-nysehmn.html.

Several research firms recently issued reports on HMN. Zacks Investment Research downgraded shares of Horace Mann Educators Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 27th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $37.00 price target on shares of Horace Mann Educators Corporation in a research note on Friday, May 26th. Finally, BidaskClub lowered shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating and two have issued 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 related news, insider Matthew P. Sharpe sold 2,355 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $38.50, for a total transaction of $90,667.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bret A. Conklin sold 4,085 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $155,025.75. 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.

Want to see what other hedge funds are holding HMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Horace Mann Educators Corporation (NYSE:HMN).

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

Receive News & Ratings for Horace Mann Educators Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply