Allspring Global Investments Holdings LLC Lowers Holdings in Horace Mann Educators Co. (NYSE:HMN)

Allspring Global Investments Holdings LLC reduced its stake in shares of Horace Mann Educators Co. (NYSE:HMN) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,589 shares of the insurance provider’s stock after selling 8,999 shares during the period. Allspring Global Investments Holdings LLC owned 0.30% of Horace Mann Educators worth $4,031,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HMN. Louisiana State Employees Retirement System grew its stake in shares of Horace Mann Educators by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the insurance provider’s stock valued at $672,000 after buying an additional 400 shares during the period. Harbor Capital Advisors Inc. grew its position in Horace Mann Educators by 270.1% during the second quarter. Harbor Capital Advisors Inc. now owns 22,305 shares of the insurance provider’s stock valued at $728,000 after acquiring an additional 16,278 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Horace Mann Educators by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 30,454 shares of the insurance provider’s stock worth $1,127,000 after acquiring an additional 1,478 shares during the last quarter. EntryPoint Capital LLC raised its holdings in shares of Horace Mann Educators by 1,041.5% in the 1st quarter. EntryPoint Capital LLC now owns 8,310 shares of the insurance provider’s stock worth $307,000 after purchasing an additional 7,582 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Horace Mann Educators in the 1st quarter valued at about $306,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HMN has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Piper Sandler reduced their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Keefe, Bruyette & Woods lowered their price target on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Raymond James initiated coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.67.

Horace Mann Educators Price Performance

Shares of HMN stock opened at $35.61 on Monday. Horace Mann Educators Co. has a twelve month low of $28.18 and a twelve month high of $39.25. The company has a market capitalization of $1.45 billion, a PE ratio of 22.83 and a beta of 0.27. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $33.72 and a 200-day simple moving average of $34.82.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Horace Mann Educators Co. will post 2.56 earnings per share for the current fiscal year.

Horace Mann Educators Profile

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.